The Consumer Optimum Is Defined as

question 87

Multiple Choice

The consumer optimum is defined as

• A) the set of goods and services that maximizes marginal utility for each good.
• B) the set of goods and services such that the marginal utility of each good equals zero.
• C) the set of goods and services that maximizes the marginal utility of each good consumed.
• D) the set of goods and services, subject to the limited income of the consumer, that maximizes the total utility of the consumer.

---

Definitions:

Assignment

The passage of control over assets, obligations, or rights from one person to another.

Donee Beneficiary

A third party who benefits from a contract made between two other parties, particularly when the contract's purpose is to give a gift to the third party.

Cause of Action

A collection of sufficient facts that validates the entitlement to initiate legal action for the purpose of acquiring money, property, or enforcing a right against someone else.

Breaching Party

the party in a contract who fails to fulfill their contractual obligations, thereby violating the agreement.