Multiple Choice
The statement "Households maximize utility" means that households:
A) try to be as useful as possible to the economy.
B) are only interested in maximizing their earnings.
C) are assumed to buy useful things before they buy luxuries.
D) are only interested in acquiring material wealth.
E) are assumed to do what they think will most increase their satisfaction.
Correct Answer:
Verified
Correct Answer:
Verified
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