When economists observe someone make a choice,they assume the individual chooses:
A)what gives him the most utility.
B)what gives him the least utility.
C)what creates the most utility for society.
D)what is the most efficient choice.

Question

Quizplus · Accepted Answer

This is because economists commonly utilize the concept of utility maximization, which refers to the idea that individuals make choices that they believe will give them the most satisfaction, pleasure or benefit, given their available options and constraints. Therefore, economists assume that individuals choose the option that they believe provides the highest level of utility.

When Economists Observe Someone Make a Choice,they Assume the Individual