Multiple Choice
Which of the following is correct about a consumer's optimization problem:
A) In order for a consumer to not be optimizing at a corner solution, it is necessary for us to assume that all goods are essential.
B) In order for a consumer to not be optimizing at a corner solution, it is sufficient for us to assume that all goods are essential.
C) In order for a consumer to not be optimizing at a corner solution, it is necessary and sufficient for us to assume that all goods are essential.
D) None of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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