JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.
Optimal Consumption
Sign in to Google
to save your progress.
Learn more
* Indicates required question
First Name
*
Your answer
Last Name
*
Your answer
Period
*
Period 1
Period 2
Period 3
Period 4
Period 5
Which of the following statements best expresses the optimal consumption rule given a consumer's budget constraint?
*
1 point
A consumer should consume the maximum amount possible of the relatively cheapest good available to them
A consumer should divide their income evenly among all the possible goods they consume
A consumer will maximize their utility when the marginal utilities of the last dolla spent on each and every good or service in their consumption bundle are equal
If the price of a ticket to see The Nutty Nutcracker is $75, then Miguel's consumer surplus is:
*
1 point
$60.
$50.
$15.
$240.
In the graph above, which area represents consumer surplus?
*
1 point
A
B
C
In the graph above, which are represents producer surplus?
*
1 point
A
B
C
Submit
Clear form
Never submit passwords through Google Forms.
This form was created inside of Anoka-Hennepin School District.
Report Abuse
Forms
