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Name a time you believe you applied the utility maximization rule. What were the goods or services you chose to maximize your utility? How did this relate to your budget constraint?

1 Answer

4 votes

Answer and Explanation:

Utility maximization rule is fundamentally the most extreme fulfillment got from utilization of an item.

Like picking between a modest or costly lodging while a costly inn would be high in quality however a tolerably charged inn would likewise offer fulfillment to the purchaser.

The decision relies upon the salary spending plan of the shopper and there are requirements to the purchaser as far as the decisions accessible relying upon costs and pay.

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