Economists using marginal utility theory assume that consumers' objectives are to
A) maximize their total utility.
B) maximize their marginal utility.
C) maximize their income.
D) none of the above.

Question

Quizplus · Accepted Answer

Economists using marginal utility theory assume that consumers aim to maximize their total utility by allocating their resources in a way that the last unit of currency spent on each good provides the same level of marginal utility.

Economists Using Marginal Utility Theory Assume That Consumers' Objectives Are