Question: Which statement(s) are true about a corner solution to a Utility Maximization Problem where only good 1 is consumed (0 units consumed of quantity 2)?

Which statement(s) are true about a corner solution to a Utility Maximization Problem where only good 1 is consumed (0 units consumed of quantity 2)? Assume both goods are good goods. Which statement(s) are true about a corner solution to a Utility Maximization Problem where only good 1 is consumed (0 units consumed of quantity 2)? Assume both goods are good goods. The marginal rate of substitution of good 1 is greater than the price of good 1 relative to good 2. The negative of the marginal rate of substitution of good 1 is greater than the price of good 1 relative to good 2. At least one of the Lagrange multipliers are equal to 0 at the optimal. The absolute value of the marginal rate of substitution is equal to the slope of the budget line at the optimal bundle. According to how we defined them in lecture, this consumer is in "Case C". The negative of the marginal rate of substitution of good 1 is greater than the price of good 2 relative to good 1. None of the above

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