Why do consumers have to make trade-offs in deciding what to consume?
A) Not all goods give them the same amount of satisfaction.
B) The prices of goods vary.
C) They are limited by a budget constraint.
D) There are not enough of all goods produced.
Correct Answer:
Verified
Q1: How do consumers maximise total utility within
Q2: If, when you consume another piece of
Q4: What is marginal utility?
A)Total satisfaction received from
Q7: Marginal utility can be
A)negative.
B)zero.
C)positive.
D)positive, negative, or zero.
Q8: If a consumer always buys goods rationally,
Q10: If a consumer receives 20 units of
Q13: An item has utility for a consumer
Q18: If total utility increases at a decreasing
Q18: If, as a person consumes more and
Q19: Which of the following is likely to
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