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In the Model of Consumer Behavior

Question 51

Multiple Choice

In the model of consumer behavior


A) individuals can choose whatever market basket they want.
B) individuals are capable of making consistent choices reflecting their preferences.
C) for most commodities, total utility falls steadily as more is consumed.
D) an individual's desire for a specific good in a given time period is infinite.
E) marginal utility at first decreases, then increases.

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