The Utility-Maximizing Rule Says That Consumers Must

question 183

Multiple Choice

The utility-maximizing rule says that consumers must

• A) only allocate the entire available budget.
• B) only make the marginal utility per dollar the same for all goods.
• C) allocate the entire available budget and make the marginal utility per dollar the same for all goods.
• D) either allocate the entire available budget or make the marginal utility per dollar the same for all goods, but not both.
• E) None of the above answers is correct.

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Definitions:

ECV Deficit

Extracellular Volume (ECV) Deficit is a medical condition where there is a reduction in the volume of fluid outside of cells, which can lead to dehydration and electrolyte imbalances.

Skin Tenting

A sign of dehydration that occurs when skin that is pinched and lifted takes some time to return to its normal position.

Trousseau's Sign

A clinical sign where inflation of a blood pressure cuff on the arm causes a carpal spasm, indicating hypocalcemia.

Postural Blood Pressure

A measurement of blood pressure after changing body positions, used to assess for conditions like orthostatic hypotension.