Suppose a consumer is trying to decide how much to spend on food and how much to spend on all other (non-food) consumption. the economic model of consumer behavior predicts that the consumer will a. consume as much food and as much non-food consumption as she wants. b. consume any combination of food and non-food consumption from among the combinations of food and non-food items she can afford. c. consume as much food as she can afford without any non-food consumption. d. choose the combination of food and non-food consumption that makes her as well off as possible from among the combinations of food and non-food items she can afford. e. consume an infinite amount of food and non-food consumption.
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Suppose a consumer is trying to decide how much to spend on food and how much to spend on all other...
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