Which of the Following Is TRUE When a Consumer Is

question 8

Multiple Choice

Which of the following is TRUE when a consumer is maximizing her utility?

• A) She consumes where the budget constraint intersects the midpoint of her indifference curve.
• B) She consumes halfway between the two intersections of her budget constraint and indifference curve.
• C) She consumes at the point at which the slope of her indifference curve is zero.
• D) She consumes at the point at which her budget constraint is tangent to her indifference curve.

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Definitions:

Post-Industrial

Referring to a stage of economic development in which the service sector generates more wealth than the manufacturing sector of the economy.

Housework

Routine tasks and chores done to maintain the household, such as cleaning, cooking, and laundry.

Husbands

Men who are married, typically referring to their role and responsibilities within the context of a marital relationship.

Ongoing Conflict

A situation where prolonged disputes or wars continue without resolution, often causing long-term social, economic, and political problems.