Which of the Following Is True

question 13

Multiple Choice

Which of the following is true?

• A) Indifference curves may intersect.
• B) At a point of consumer equilibrium, the MRS always equals 1.
• C) If income increases, a consumer will always consume more of a good.
• D) None of the statements is correct.

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Definitions:

Daily Energy Needs

The amount of energy, measured in calories, that a person requires daily to maintain their body's basic functions and support their lifestyle activities.

Carbohydrates

Organic compounds, including sugars, starches, and celluloses, that are a major source of energy for the body.

Lipids

A broad group of naturally occurring molecules that include fats, waxes, and certain vitamins, playing crucial roles in the structure and function of living cells.

Calorie

A unit of energy measurement used to quantify the amount of energy derived from food consumed by an organism.