Which of the Following Statements Is True About Individuals and Utility

question 51

Multiple Choice

Which of the following statements is true about individuals and utility?

• A)Individuals always seek to maximize utility.
• B)Individuals always seek to maximize their income,not utility.
• C)Individuals will either minimize or maximize utility depending on the situation.
• D)Individuals rarely try to maximize their utility.

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Definitions:

Effective Headings

Titles or captions used to capture attention and organize content in a clear and concise manner.

Business Documents

Written records that are used in the operation and management of a business, including reports, memos, proposals, and contracts.

Hedging

The use of cautious language to make statements less absolute, often to reduce risk or liability.

Confident Statements

Assertions made with certainty and assurance, often without hesitation or doubt.