If utility is not maximized, then:
A) some change in consumption will increase satisfaction.
B) no change in consumption will increase utility.
C) only a change in income will increase utility.
D) only a change in price will increase utility.

Question

Quizplus · Accepted Answer

If utility is not maximized, it means that there is room for improvement in terms of satisfaction. Therefore, making a change in consumption can increase satisfaction and result in higher utility.

If Utility Is Not Maximized, Then