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.

Question

Quizplus · Accepted Answer

Optimal consumption is the combination of goods and services that gives the consumer the highest level of satisfaction based on their available income. By maximizing utility, the consumer is able to allocate their resources in the most efficient way possible. Therefore, opting for optimal consumption is the best choice.

The Mix of Consumer Purchases That Maximizes the Utility Attainable