Consumers Tend to Maximize

question 208

Multiple Choice

Consumers tend to maximize:

• A) marginal utility.
• B) marginal utility per dollar.
• C) total utility.
• D) money holdings.
• E) consumer surplus.

---

Definitions:

Perceive

The act of becoming aware or conscious of something through the senses.

Situation

The set of circumstances or the context in which an event occurs or a condition exists.

Central Characteristics

The defining qualities, traits, or features that are at the heart of something, such as a concept, organization, or individual's personality.

Opportunity

A way of generating profit through unique, novel, or desirable products or services that have not been previously exploited.