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According the utility-maximizing rule, consumers achieve the greatest amount of satisfaction by doing which of the following? BlackTom题目解析
Options
A.Purchasing goods or services with the lowest possible opportunity cost
B.Allocating income such that the last dollar spent on a given good yields the lowest amount of marginal utility
C.Avoiding purchases that decrease marginal utility
D.Purchasing a combination of goods or services whereby the last dollar spent on each good yields the same amount of marginal utility
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Step-by-Step Analysis
The question asks about the utility-maximizing rule and what leads to the greatest satisfaction for a consumer.
Option 1: 'Purchasing goods or services with the lowest possible opportunity cost.' While choosing low opportunity cost can be sensible, the utility-maximizing rule specifically requires comparing marginal utilities relative to prices, not just opportuni......Login to view full explanationLog in for full answers
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