Multiple Choice
In the goal of consumer optimization,it is assumed that
A) consumption equals disposable income.
B) savings are positive.
C) more is preferred to less.
D) the consumer is rational.
E) the consumer consumes more than his or her disposable income.
Correct Answer:

Verified
Correct Answer:
Verified
Q25: We assume that the representative consumer's preferences
Q26: Moving down the indifference curve,the marginal rate
Q27: When consumption and leisure are both normal
Q28: The following question(s) deal with the Widget
Q29: The slope of the indifference curve is
Q31: The following question(s) deal with The Gizmo
Q32: A consumer maximizes satisfaction at the point
Q33: An increase in total factor productivity shifts
Q34: The marginal rate of substitution is defined
Q35: The following question(s) deal with The Gizmo