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

Question 13

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 all goods.
C) that no goods are "inferior."
D) that saving is impossible and that the individual is not satiated in all goods.

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