The rational spending rule is derived from the consumer's desire to:
A)maximize utility.
B)minimize expenditures.
C)obtain the lowest possible price.
D)maximize the number of goods purchased.

Name: The rational spending rule is derived from the consumer's desire to: A)maximize utility. B)minimize expenditures. C)obtain the lowest possible price. D)maximize the number of goods purchased.
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Question

Quizplus · Accepted Answer

Utility maximization is the presumed underlying goal of rational consumer behavior.

The Rational Spending Rule Is Derived from the Consumer's Desire