An optimising consumer will select a consumption bundle in which utility is maximised:

Name: An optimising consumer will select a consumption bundle in which utility is maximised:
Brand: Quizplus
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Question

Quizplus · Accepted Answer

An optimizing consumer will select a consumption bundle that maximizes their utility, subject to the constraints imposed by their budget. They will try to purchase goods and services that provide the greatest satisfaction at the lowest possible cost, given their budget. Therefore, option D is the correct answer.

An Optimising Consumer Will Select a Consumption Bundle in Which