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From course:

Economics A Level

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Question:

What will the Consumer’s Objective be?

Author: go kys



Answer:

-To Maximise their Utility, which is confined by their Income -Utility will have Different outcomes for Different People - Some value the aspect of a Secure Pension Fund while others want Luxurious Sports Cars -Whatever they spend on, it is said to be Rational as it increases their Utility in their own Sense


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go kys
go kys