According to the Utility Theory, in "Consumer Equilibrium," Households Have:​

question 45

Multiple Choice

According to the utility theory, in "consumer equilibrium," households have:​

• A)consumed as much of every commodity as they would like.
• B)spent their incomes in such a way that their overall satisfaction is maximized.
• C)spent their incomes in such a way that their marginal utility is maximized.
• D)spent their incomes in such a way that their marginal utility is zero for every product consumed.
• E)spent their incomes in such a way that their total utility is zero.

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Definitions:

Sigmund Freud

An Austrian neurologist and the founder of psychoanalysis, a clinical method for treating psychopathology through dialogue between a patient and a psychoanalyst.

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