Questions
Single choice
When consumers seek to maximize their total utility, they are engaging in which of the following? BlackTom题目解析
Options
A.Irrational behavior
B.Allocative efficiency
C.Rational behavior
D.Productive efficiency
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Step-by-Step Analysis
The question asks about what consumers do when they aim to maximize their total utility.
Option 1: Irrational behavior. This label would imply choices that do not maximize satisfaction or violate consistent preferences, which contradicts the idea of seeking maximum total utility. Hence this option is unsuitable.
Option 2: Allocative ef......Login to view full explanationLog in for full answers
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