Multiple Choice
Economists assume that consumers behave in a manner consistent with the _______ of utility.
A) maintenance
B) minimization
C) maximization
D) final degree
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q68: The theory of consumer choice, generally, examines
Q69: Michael Kawamura, a careful maximizer of utility,
Q70: Which of the following statements is false?<br>A)
Q71: If consumer income, preferences, and the prices
Q72: The amount by which total utility increases
Q74: In terms of indifference curves, an increase
Q75: John Smedley, a careful maximizer of utility,
Q76: Discuss in some detail how a consumer
Q77: When supply and demand are in equilibrium,
Q78: If the price of a good falls