A utility function
A)captures the maximum satisfaction of consumers.
B)is a stand-in for a more complicated function.
C)captures the representative firm's ability to produce goods and services.
D)is useful only in microeconomics, not macroeconomics.
E)captures the preferences of the representative household over consumption and leisure goods.

Question

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The Answer of A utility function
A)captures the maximum satisfaction of consumers.
B)is a stand-in for a more complicated function.
C)captures the representative firm's ability to produce goods and services.
D)is useful only in microeconomics, not macroeconomics.
E)captures the preferences of the representative household over consumption and leisure goods.

A Utility Function