The flawed character cause of poverty refers to individual defects in aspiration or ability

Suzy spends all of her income on potato chips and textbooks. To maximize her total utility, she should

a. allocate her income so that the marginal utilities of potato chips and textbooks are equal b. allocate her income so that the marginal utilities per dollar spent on potato chips and textbooks are equal c. change her eating habits d. choose a consumption point that is inside her budget constraint e. allocate her income so that the total utilities of potato chips and textbooks are equal

Saving for protection against unexpected setbacks-such as the loss of a job or a medical emergency-is called ________ saving.

A. life-cycle B. precautionary C. bequest D. public