When a consumer maximizes utility,economists say that he or she has
A) become satisfied.
B) efficiently allocated.
C) optimized.
D) rationalized.
E) marginalized.

Question

Quizplus · Accepted Answer

When a consumer maximizes utility, they are making choices that optimize their level of satisfaction given their budget constraints. Therefore, the most appropriate choice is C, optimized.

When a Consumer Maximizes Utility,economists Say That He or She