In Economic Utility Analysis, Consumer Tastes and Preferences Are Assumed

question 295

Multiple Choice

In economic utility analysis, consumer tastes and preferences are assumed

• A) to be determined by income.
• B) to be influenced by the prices of goods.
• C) given and stable for an individual.
• D) given but rapidly changeable.

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Definitions:

Indirect Strategy

A communication method where background information and supporting details are presented before the main idea or purpose.

Run-on Sentence

A grammatically faulty sentence in which two or more main clauses are joined without a conjunction or proper punctuation.

Independent Clauses

Phrases or sentence fragments that can independently represent complete ideas as they possess both a verb and a subject.

Direct Strategy

A communication approach that involves presenting the main idea or message at the beginning, followed by supporting details.