Multiple Choice
If utility is not maximized, then:
A) some change in consumption will increase satisfaction.
B) no change in consumption will increase utility.
C) only a change in income will increase utility.
D) only a change in price will increase utility.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q65: According to the income effect, when the
Q82: If the marginal utility of each good
Q83: If a consumer is choosing the optimal
Q84: Exhibit 6-1 Total utility for good X<br><img
Q85: Which of the following best describes the
Q86: Exhibit 6-6 Marginal utility for data for
Q89: The subjective measure of the physical and
Q90: Justin stopped at the gas station on
Q91: Generally speaking, as more of a particular
Q92: If Allison's marginal utility of her 100th