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A Utility-Maximizing Consumer Buys So as to Make ________ for All

question 79

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A utility-maximizing consumer buys so as to make ________ for all pairs of goods.


Definitions:

Homeostasis

The ability of an organism to maintain internal equilibrium by adjusting its physiological processes.

Drive-Reduction Theory

A psychological theory that posits motivation is based on the goal of eliminating uncomfortable internal states caused by unmet needs.

Homeostasis

The inclination of a biological system to preserve equilibrium by adapting to conditions ideal for survival.

Drive

An innate, biologically determined urge to attain a goal or satisfy a need.

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