When analyzing food budget choices, we employ a household consumer utility function.The household utility function includes two normal microeconomic assumptions: (1) increasing marginal utility for any one item, and (2) a convex indifference curve indicating a preference for similarity in consumption.

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When analyzing food budget choices, we employ a household consumer utility function.The household utility function includes two normal microeconomic assumptions: (1) diminishing marginal utility for any one item, and (2) a convex indifference curve indicating a preference for variety in consumption.

When Analyzing Food Budget Choices, We Employ a Household Consumer