Section of an insurance policy
The promise not to smoke in exchange for lower life insurance premiums would be included in the _____ section of an insurance policy.
A) declarationsB) exclusionsC) conditionsD) endorsements
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He purchase more chips and less ice cream, purchase more ice cream and less chips, or stay at the same purchase level (10 units of chips and 7 units of ice cream) to maximize his utility? Why?
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