Consumer choice of the basket of goods that (a) maximizes utility (b) allows his/her to live within the budget constraint and (c) includes a positive amount of all commodities is the consumer's
A) Optimal choice
B) Maximum choice
C) Interior optimum
D) Consumer choice

Question

Quizplus · Accepted Answer

An interior optimum is a choice where the consumer maximizes utility while staying within the budget constraint and consuming a positive amount of all goods.

Consumer Choice of the Basket of Goods That (A) Maximizes