When a consumer spends all of the income,it must be true that they are maximizing utility.

Name: When a consumer spends all of the income,it must be true that they are maximizing utility.
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Quizplus · Accepted Answer

Spending all income does not necessarily mean a consumer is maximizing utility, as utility maximization depends on the allocation of spending across different goods and services in a way that aligns with the consumer's preferences and the marginal utility derived from each.

When a Consumer Spends All of the Income,it Must Be