In the Model of Consumer Behavior

question 51

Multiple Choice

In the model of consumer behavior

• A) individuals can choose whatever market basket they want.
• B) individuals are capable of making consistent choices reflecting their preferences.
• C) for most commodities, total utility falls steadily as more is consumed.
• D) an individual's desire for a specific good in a given time period is infinite.
• E) marginal utility at first decreases, then increases.