Utility Theory Assumes That a Consumer Tries to

question 154

Multiple Choice

Utility theory assumes that a consumer tries to

• A) maximize her average utility.
• B) maximize her marginal utility.
• C) maximize the difference between total and marginal utility.
• D) maximize her total utility.

---

Definitions:

Inhibited

Characterized by a restraint or suppression of action, feeling, or expression.

Inhibited Children

Children who display a consistent pattern of shyness, timidity, and fearfulness in unfamiliar situations or in response to novel stimuli.

Novelty

The quality of being new, original, or unusual.