Multiple Choice
Constrained optimization occurs when:
A) an individual makes choices that are influenced by his/her parents and family.
B) an individual makes choices that best suit his/her preferences.
C) firms choose the best products to meet their client's needs.
D) an individual is forced to choose between competing alternatives subject to some limitation such as budgetary considerations.
Correct Answer:
Verified
Correct Answer:
Verified
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