Answer:
Explanation:
I took the test and got it correct.
A. re
B. sing
C. tion
D. go
B. Passion and logic
C. Originality and interpretation
D. Facts and evidence
Accuracy and readability
Answer:
it means the concept that people and firms seek to get the highest satisfaction of there economic decisions.
Explanation:
Maximizing utility refers to consumers making choices that provide them the highest level of satisfaction, based on their preferences and budget constraints.
The term maximize utility in economics refers to the concept of consumers choosing to consume goods or services in a way that provides them with the highest level of satisfaction. This principle is based on the assumption that consumers have rational preferences and will make decisions to consume goods or services that provide the greatest satisfaction within their budget constraints.
For example, if a person has $20 to spend on food and they have a choice between buying a hamburger for $10 or buying a slice of pizza for $5, they will make a decision based on which will maximize their utility (satisfaction). If they get more satisfaction from eating two slices of pizza compared to one hamburger, they would choose the pizza to maximize their utility.
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comparing the prices would be the answer if its for gradpoint