Which of the Following Statements Is Always True When Determining

question 144

Multiple Choice

Which of the following statements is always true when determining the consumer optimum?

• A) Maximizing utility does not take budget restraints into consideration.
• B) Maximizing utility is easy if you are considering only two goods.
• C) Maximizing utility requires the marginal utility per dollar to be equal for each good consumed.
• D) Maximizing utility requires the total utility per dollar to be equal for each good consumed.
• E) Maximizing utility requires the marginal utility to be equal for each good.

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Definitions:

2-Methylbutanal

A type of aldehyde with a five-carbon chain where the second carbon atom from the end is substituted with a methyl group.

1-Hexyne

An alkyne hydrocarbon with the chemical formula C6H10, characterized by a triple bond between the first and second carbon atoms.

2-Hexanone

An organic compound, a ketone, with the formula C6H12O, known for its use as a solvent in various industrial applications.

Intense Peak

A significant and prominent peak in a spectrum or chromatogram, indicating a high concentration or abundance of a specific analyte.