The State of Consumer Optimum Is Reached When the Consumer's

question 183

Multiple Choice

The state of consumer optimum is reached when the consumer's

• A) total utility/marginal utility ratio for all items is equal.
• B) total utility/price ratio for all items is equal.
• C) marginal utility for a product is zero.
• D) marginal utility/price ratios for all items are equal.

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Definitions:

Proper Training

Comprehensive and structured education or skill development processes designed to equip employees effectively for their roles.

Harassment

Unwanted or aggressive behavior that creates an intimidating, hostile, or offensive environment, especially based on personal characteristics.

Provincial Jurisdiction

The authority and power exercised by a province or state to govern itself and manage its own affairs.

Bullying

Intimidating or mistreating someone weaker or in a vulnerable position, often involving repeated acts over time.