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According to Revealed Preference, a Consumer That Chooses to Smoke

Question 75

Multiple Choice

According to revealed preference, a consumer that chooses to smoke cigarettes:


A) derives more utility from smoking than from other goods that could have been purchased with the money spent on cigarettes.
B) derives more happiness from smoking than from other goods that could have purchased with the money spent on cigarettes.
C) is minimizing utility given the options available.
D) is behaving irrationally.

Correct Answer:

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