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Any point on the budget line means that the consumer has spent all his income and is rational and rational according to the marginal utility
Any point on the budget line means that the consumer has spent all his income and is rational and rational according to the marginal utility theory
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True
False
Fixed costs are the costs that are borne by the organization, regardless of the volume of production
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False
The higher the consumers share of the commodity, the higher the elasticity of demand for the commodity, and vice versa.
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False
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