A rational consumer will try to achieve the highest indifference curve that his or her income will allow.

Name: A rational consumer will try to achieve the highest indifference curve that his or her income will allow.
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Question

Quizplus · Accepted Answer

A rational consumer aims to maximize utility given their budget constraint, and achieving the highest possible indifference curve represents the highest level of satisfaction or utility they can attain with their income.

A Rational Consumer Will Try to Achieve the Highest Indifference