menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Principles Applications
  4. Exam
    Exam 7: Consumer Choice: Utility Theory and Insights From Neuroscience
  5. Question
    The Utility-Maximizing Rule Says That a Person Will Maximize Utility
Solved

The Utility-Maximizing Rule Says That a Person Will Maximize Utility

Question 62

Question 62

True/False

The utility-maximizing rule says that a person will maximize utility by choosing goods so that the marginal utility for each good is equal.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q57: The calibration of the regions of the

Q58: Mike is a college student who works

Q59: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt="

Q60: The decoy effect has important implications for

Q61: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q63: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Q64: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt="

Q65: A budget line connects the combinations of

Q66: Which of the following have economists and

Q67: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5233/.jpg" alt=" -Refer to Figure

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines