The Statement "Households Maximize Utility" Means That Households

question 2

Multiple Choice

The statement "Households maximize utility" means that households

• A)try to be as useful as possible to the economy
• B)are only interested in maximizing their earnings
• C)are assumed to buy useful things before they buy luxuries
• D)are only interested in acquiring material wealth
• E)are assumed to do what they think will increase their satisfaction

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