If consumers were not subject to the budget constraint, they would consume:
A) an infinite amount
B) just enough to get by
C) enough to be well off, and live in the suburbs
D) less than they would otherwise
Correct Answer:
Verified
Q27: The opportunity set:
A) the collection of all
Q28: An equilibrium is:
A) a point where all
Q29: The mathematical representation of a consumer's equilibrium
Q30: An individual demand curve for pizza can
Q31: Utils are:
A) imaginary numbers that measure satisfaction
B)
Q33: A consumer equilibrium is found where:
A) the
Q34: Marginal utility refers to:
A) the extra level
Q35: When a consumer is indifferent between consuming
Q36: All of the following are assumptions about
Q37: Economists use cardinal utility to measure:
A) ranking
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