4) explain
the optinal choice of
the consumer
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0
Answer:
The entire consumer preference process results in an optimal choice. Consumer preferences allow a consumer to rank different bundles of goods according to levels of utility, or the total satisfaction of consuming a good or service.
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Answered by
1
Answer:
It relates preferences to consumption expenditures and to consumer demand curves. ... Goods and services purchased by a consumer that provides the highest level of utility possible is the optimal choice.Nov 9, 2018
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