Macroecon Question 100 Words

Macroecon Question 100 Words.

Economists represent consumer preferences using a utility function and assume they always need to make trade-offs when making choices. Behind this model of choice are assumptions about the way people make choices and the world. Choose one of these assumptions and provide a criticism of this assumption and a defense of it. Overall, should economist keep using this assumption?
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Macroecon Question 100 Words

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