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"If an Individual Is to Maximize the Utility Received from Consumption,he

Question 6

Multiple Choice

"If an individual is to maximize the utility received from consumption,he or she should spend all available income...." This statement assumes:


A) that saving is impossible.
B) that the individual is not satiated in any one good.
C) that no goods are "inferior."
D) that every good has a positive marginal utility.

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