The Term Utility Maximization Means That

question 6

Multiple Choice

The term utility maximization means that

• A)individuals consume to gain as much utility as possible, given the limits of the budget constraint.
• B)total utility does not change with a change in income.
• C)once utility is at its maximum, leftover income can be saved.
• D)individuals consume the maximum amount of a good that the budget constraint makes possible.
• E)individuals maximize their usefulness to society.