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AP Microeconomics
Unit 1 – Basic Economic Concepts
Topic 1.6
Unit 1 – Basic Economic Concepts
1.6 Marginal Analysis and Consumer Choice
mixed difficulty
Which of the following is an assumption made when solving utility maximization problems?
The consumer will buy an unlimited quantity of goods.
The consumer will choose the good with the lowest price.
The consumer will only buy one type of good.
The consumer will spend all of their income.
Study guides (1)
AP Microeconomics - 1.6 Marginal Analysis and Consumer Choice
Key terms
Utility Maximization
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