A Consumer's Optimum Is Found When

question 218

Multiple Choice

A consumer's optimum is found when

• A) the marginal utility of the last dollar spent equals zero for each good.
• B) the marginal utility of each good is increasing and the total income is spent.
• C) the total utility of each good is the same and the total income is spent.
• D) the marginal utility of the last dollar spent on each good is the same and all income is spent.

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Definitions:

Current Understanding

Refers to the present level of knowledge and comprehension surrounding a particular subject or topic.

Back To Sleep Position

A recommended sleeping position for babies, lying on their back, to reduce the risk of Sudden Infant Death Syndrome (SIDS).

Walking

The act of locomotion on foot, involving a series of rhythmical steps that move the body forward while maintaining stability.

Crawling

A form of movement involving the use of hands and knees, typically seen as an early developmental milestone in infants.