Multiple Choice
The table given below reports the total utility derived by an individual from the consumption of different units of goods A, B, and C.Table 7.4
-A consumer is in equilibrium when:
A) his or her marginal utility derived from each good is maximized.
B) each dollar spent on each item provides more and more satisfaction.
C) each dollar spent on each item provides less and less satisfaction.
D) the last dollar spent on each item provides the same additional satisfaction as that dollar would if spent on any other item.
E) his or her average utility for each item is the same.
Correct Answer:

Verified
Correct Answer:
Verified
Q44: The below indifference map shows the various
Q45: The table given below depicts the total
Q46: The below table shows the average utility
Q47: The below figure shows the various combinations
Q48: The below table shows the average utility
Q50: The below figure shows the various combinations
Q51: The below figure shows the various combinations
Q52: The table given below reports the total
Q53: The below table shows the average utility
Q54: The table given below depicts the total