Multiple Choice
If a consumer purchases any combination of goods on her budget constraint ________.
A) she will minimize total utility
B) she will exhaust her entire income
C) she will maximize her marginal utility obtained from the consumption of each additional amount of both goods
D) she will maximize her marginal benefit obtained from the consumption of each additional amount of both goods
Correct Answer:

Verified
Correct Answer:
Verified
Q9: Jack has an income of $150 per
Q10: Which of the following formulas is used
Q11: The demand for a good is relatively
Q12: The demand curves for good A and
Q13: Which of the following is the best
Q15: The following table shows the marginal benefit
Q16: The following figure displays John's budget constraint
Q17: Which of the following pairs of goods
Q18: The slope of a consumer's budget constraint
Q19: For a given level of total utility,_.<br>A)