When consumers seek to maximize their total utility, they are engaging in which of the following?

BlackTom题目解析

Question

When consumers seek to maximize their total utility, they are engaging in which of the following?

BlackTom题目解析

BlackTom AI · Accepted Answer

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 efficiency. This concept refers to producing a mix of goods that society values most highly, typically in a market context, and is more about resource allocation at the firm or economy level rather than the individual act of maximizing personal utility. It does not directly describe a consumer’s behavior in pursuing maximum utility, so it is not the best fit.
Option 3: Rational behavior. Rational behavior in consumer theory means individuals make decisions to maximize their total utility given constraints like income and prices. This aligns exactly with the idea of seeking the greatest satisfaction from consumption, using consistent preferences and budget constraints to choose the best bundle.
Option 4: Productive efficiency. This relates to producing goods at the lowest average cost, a concept tied to firms and production processes rather than to a consumer’s choice problem. It does not describe how consumers maximize utility, so it is not applicable here.
In summary, the statement that best captures a consumer seeking to maximize total utility is rational behavior, while the other options refer to different concepts or contexts (irrational behavior contradicts the idea of maximizing utility, allocative efficiency and productive efficiency pertain to production or economy-wide resource use rather than individual consumer choice).

When consumers seek to maximize their total utility, they are engaging in which of the following? BlackTom题目解析

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