Indicate on which financial statement each of the following items appears.Use I for income statement,E for statement of retained earnings and B for balance sheet.
Definitions:
Maximize Utility
An economic principle where individuals or firms aim to achieve the highest satisfaction or profit from their choices.
Households
Units consisting of one or more people who live in the same dwelling and share meals or living accommodation; considered as a single entity for economic analysis.
Satisfaction
The feeling of fulfillment or pleasure derived from achieving a goal, satisfying a desire, or meeting a need.
Service Sector
The segment of the economy that provides intangible goods or services to consumers, including healthcare, education, financial services, and retail.
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