Utility maximization is about:
A) making sure that you have money left over from spending.
B) getting the most bang for your buck.
C) making sure that marginal utility is as small as possible.
D) minimizing total utility.

Question

Quizplus · Accepted Answer

Utility maximization refers to the economic principle of obtaining the highest level of satisfaction or benefit (utility) from the consumption of goods and services, given a consumer's budget constraints. This is colloquially known as getting the "most bang for your buck."

Utility Maximization Is About