The theory of consumer behavior assumes that consumers attempt to maximize:

A. the difference between total and marginal utility.
B. total utility.
C. average utility.
D. marginal utility.

Answer: B

Economics

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Can a monopoly make an economic profit in the long run? Explain your answer

What will be an ideal response?

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The firm's break-even point occurs at an output of


A. 40.
B. 45.
C. 50.
D. 55.

Economics