A consumer's spending is restricted because of:
A)marginal utility.
B)total utility.
C)his or her budget constraint.
D)utility maximization.

Question

Quizplus · Accepted Answer

A consumer's spending is limited by his or her budget constraint. Marginal utility and total utility are concepts related to the satisfaction gained from consuming goods, while utility maximization is a goal for the consumer but not a restriction on spending.

A Consumer's Spending Is Restricted Because Of