Multiple Choice
Rational utility maximizing consumers tend to:
A) buy the same bundle of goods regardless of the prices charged.
B) choose the same bundle of goods regardless of their income.
C) change their consumption choices when either prices or income changes.
D) change their consumption choices only when both prices and income changes simultaneously.
Correct Answer:

Verified
Correct Answer:
Verified
Q29: Utility is:<br>A)a quantitative measure of consumers' preferences.<br>B)an
Q51: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume Bonnie has
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" The slope of
Q53: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Assume Mimi's budget
Q55: A budget constraint is:<br>A) a line that
Q57: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" Consider budget constraints
Q58: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" If the graph
Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1248/.jpg" alt=" If the graph
Q60: When economists observe someone make a choice,they
Q61: Barbie is deciding whether to play soccer