An Optimizing Consumer Will Select the Consumption Bundle in Which

question 139

Multiple Choice

An optimizing consumer will select the consumption bundle in which the

• A)ratio of total utilities is equal to the relative price ratio.
• B)ratio of income to price equals the marginal rate of substitution.
• C)marginal rate of substitution is equal to the relative price ratio of the goods.
• D)marginal rate of substitution is equal to marginal utility.

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Definitions:

Electronic Record

A digital version of a patient's medical history, maintained over time, that includes all treatments and health-related information.

Diagnostic Services

Medical services involving the use of tests and procedures to determine the nature or cause of a health condition or disease.

Therapeutic Services

These are treatments and interventions designed to treat illness and improve health in individuals, ranging from medical and surgical treatments to counseling and physical therapies.

Entitativity

The property of a group that makes it seem like a coherent, distinct and unitary entity.