When a consumer has maximized total utility, he or she cannot increase total utility by reallocating expenditures among different products.

Question

Quizplus · Accepted Answer

When a consumer has maximized total utility, it means they have reached a point where their allocation of expenditures among different products yields the highest possible satisfaction. Any reallocation would lead to a decrease in total utility, as it would move away from this optimal distribution.

When a Consumer Has Maximized Total Utility, He or She