The goal of the consumer in a market economy is to use his or her limited income to buy
A) The greatest number of goods and services possible.
B) The goods and services that maximize profits for businesses.
C) Those goods and services with the lowest prices.
D) The set of goods and services that maximizes the consumer's total utility. Consumers are motivated by their desire to maximize utility.
Correct Answer:
Verified
Q1: International participants
A)Take no part in American markets.
B)Participate
Q3: Which of the following is purchased in
Q6: A lower quantity demanded of a good
Q7: Which of the following is a market
Q8: According to the law of demand,a demand
Q9: A factor market is any place or
Q11: The goal of the business firms in
Q15: The most desired goods or services that
Q16: Who participates in markets?
A)Business firms.
B)Business firms and
Q18: According to the law of demand,during a
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