According to economic theory, what do consumers maximize? Consumers maximize marginal utility. Consumers maximize their own tastes and preferences. C. Consumers maximize the budget constraint. D. Consumers maximize total utility. < B.

According to economic theory, what do consumers maximize? Consumers maximize marginal utility. Consumers maximize their own tastes and preferences. C. Consumers maximize the budget constraint. D. Consumers maximize total utility. < B.

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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According to economic theory, what do consumers
maximize?
A. Consumers maximize marginal utility.
Consumers maximize their own tastes and
preferences.
C. Consumers maximize the budget constraint.
D. Consumers maximize total utility.
B.

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