By way of an optimal choice, a consumer tends to:

CA Foundation · Business Economics · MTP · September 2024
By way of an optimal choice, a consumer tends to:
(A) A. save money
(B) B. purchase large quantity
(C) C. None of these
(D) D. maximize satisfaction subject to constraints like tastes and preferences.

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. maximize satisfaction subject to constraints like tastes and preferences.

Topics: Theory of Demand and Supply

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