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The Term Utility Maximization Means That

Question 6

Multiple Choice

The term utility maximization means that


A) individuals consume to gain as much utility as possible, given the limits of the budget constraint.
B) total utility does not change with a change in income.
C) once utility is at its maximum, leftover income can be saved.
D) individuals consume the maximum amount of a good that the budget constraint makes possible.
E) individuals maximize their usefulness to society.

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