Multiple Choice
Utility theory assumes that a consumer tries to
A) maximize her average utility.
B) maximize her marginal utility.
C) maximize the difference between total and marginal utility.
D) maximize her total utility.
Correct Answer:

Verified
Correct Answer:
Verified
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Q150: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -If the price
Q151: The real-income and the substitution effects reinforce
Q152: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Use the above
Q153: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -The price of
Q155: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Refer to the
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