What is consumer equilibrium? How is it achieved?
Please provide the best answer for the statement.
Consumer equilibrium is achieved when the consumer has no incentive to change his expenditure pattern, he has reached his maximum utility for a given set of constraints. This is a achieved when the consumer allocates his money income so the last dollar spent on each product yields the same marginal utility.
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Countries that have greater employment protection laws than other countries generally have ________ unemployment rates, with spells of unemployment tending to ________
A) lower; last longer B) lower; be shorter C) higher; last longer D) higher; be shorter
Oral contraception allows women of childbearing age to do all of the following EXCEPT:
A. remain in school. B. work more in the paid labor force. C. earn as much as men of the same age. D. pursue longer-term careers.