If an individual has a strictly concave utility function and a solution to the utility maximization exists, then it must be a corner solution.
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Q14: A relationship between
Q15: An individual's utility function is always expressed
Q16:
Q17: If preferences are complete and transitive then
Q18: Optimal demand for a consumer is
Q20: Assume there is an internal solution
Q21: There are situations in which the assumption
Q22: Using the "as-if" approach can help us
Q23: The solution to the utility maximization and
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