A Consumer's Utility Is Maximized When the Marginal Utilities Derived

question 81

Multiple Choice

A consumer's utility is maximized when the marginal utilities derived from additional units of goods:​

• A)are less than their market prices.
• B)are equal to the total utilities derived from the consumption.
• C)are maximized.
• D)are equal to the opportunity costs of producing additional units of goods.
• E)are exactly proportional to their market prices.

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Definitions:

Left Hemisphere

The left side of the human brain, which is often associated with analytical tasks, language processing, and logical reasoning.

Right-handers

Refers to individuals who predominantly use their right hand for activities such as writing and manual tasks.

Preoperational Thought

A stage in Piaget's theory of cognitive development, typically occurring from ages 2 to 7, where children begin to use language and think symbolically, but their thinking is still intuitive and egocentric.

I.Q.

A measure of a person's intelligence as indicated by an intelligence test, relative to the average performance of others in the same age group.