Economists believe that consumer choice theory is useless because of its lack of predictive ability.
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Q197: The utility of a good simply indicates
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Q200: If total utility increases from 10 to
Q201: The consumption of normal goods will increase
Q203: The marginal utility of a good must
Q204: Total utility falls as marginal utility declines.
Q205: If a good is characterized as a
Q206: Marginal utility of a good eventually decreases
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