The mix of consumer purchases that maximizes the utility attainable from available income is called the
A)Total utility combination.
B)Marginal utility combination.
C)Optimal consumption.
D)Maximum consumption.

Question

Quizplus · Accepted Answer

Optimal consumption is the mix of consumer purchases that maximizes the utility attainable from available income. It takes into consideration both the total utility and marginal utility of each purchase to achieve maximum satisfaction from available income. Therefore, C is the best choice.

The Mix of Consumer Purchases That Maximizes the Utility Attainable