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Which of the Following Statements Is True

Question 78

Multiple Choice

Which of the following statements is true?


A) If a consumer is in equilibrium, it does not necessarily follow that he or she is also achieving the greatest total utility.
B) If a consumer is in equilibrium, it necessarily follows that he or she is also achieving the greatest total utility.
C) If a consumer is attaining the greatest marginal utility, then it necessarily follows that he or she is also achieving the greatest total utility.
D) If a consumer is attaining the greatest total utility, then it necessarily follows that he or she is also achieving the greatest marginal utility.

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