Using the marginal approach, the consumer will choose that combination of goods that yields the lowest possible total utility.

Question

Quizplus · Accepted Answer

Using the marginal approach, the consumer will choose that combination of goods that yields the highest possible total utility, not the lowest. This approach is based on the principle of maximizing satisfaction or utility from the consumption of goods and services within the constraints of their budget.

Using the Marginal Approach, the Consumer Will Choose That Combination