Optimal consumption is the mix of consumer goods sold that maximizes utility for producers.
Answer the following statement true (T) or false (F)
False
Optimal consumption is the mix of consumer goods purchased that maximizes utility for consumers.
Economics
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The income generated from the sale of the goods and services produced in the economy and paid to the individuals and businesses who supply the factors of production is called:
A) GDP. B) GNP. C) national income. D) NNP.
Economics
An advertising race among oligopolists may be rational if it
a. is defense advertising. b. raises entry barriers. c. increases cost per unit of sales. d. encourages new entrants.
Economics