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The Technique of Constrained Optimization Can Be Used to Describe

Question 85

Multiple Choice

The technique of constrained optimization can be used to describe:


A) the conditions that must hold if the consumer is maximizing utility.
B) the conditions that may prevent the consumer from maximizing utility.
C) the conditions that may lead to an increase or decrease in marginal utility.
D) the best use of a given amount of income.

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