If There Is No Budget Constraint,utility Maximization Is Achieved When

question 50

True/False

If there is no budget constraint,utility maximization is achieved when marginal utility is zero.

---

Definitions:

Exposure Therapies

Psychological treatments that involve the exposure to feared stimuli or situations in order to reduce anxiety and desensitize individuals to the source of their fear.

Compulsive Behavior

Behavior patterns that are repeated to reduce anxiety or distress but are not connected in a realistic way with what they are designed to neutralize.

Cognitive-Behavioral Theorists

Experts in a psychological field that melds cognitive and behavioral approaches to understand and treat psychological disorders.

Compulsions

Actions or thoughts that a person compulsively repeats due to obsessions or strict guidelines.