Which of the Following Is Not an Assumption of the Theory

question 308

Multiple Choice

Which of the following is not an assumption of the theory of consumer behavior described in this chapter?

• A)The consumer has to make purchasing decisions within a given budget constraint.
• B)The consumer experiences diminishing marginal utility from consuming goods.
• C)The consumer's tastes and preferences continually change within the period studied.
• D)The consumer aims to get maximum total utility out of a given budget.

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Definitions:

Check Register

A record book or ledger that tracks all checks written, deposits made, and current balance for a checking account.

Cash Balance

The total amount of cash in a company's account at any given time.

Deposits

The act of placing money into a financial account, or the money that is placed into such an account.

Checks

Written, dated, and signed instruments that direct a bank to pay a specific sum of money to the bearer or a designated recipient.