At _____, consumers will maximize their utility by being on the highest indifference curve possible given their budget constraint.
A) equilibrium
B) the marginal rate of substitution
C) the marginal utility point
D) optimal consumption

Question

Quizplus · Accepted Answer

Optimal consumption is the point at which consumers maximize their utility given their budget constraints, aligning with the highest possible indifference curve they can achieve.

At _____, Consumers Will Maximize Their Utility by Being on the Highest