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The goal of utility maximization is to allocate your ______ in order to maximize your ______.

1 Answer

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The goal of utility maximization is to allocate your resources in order to maximize your satisfaction.
Utility maximization is a concept which is used in the economics which explains that when a person is making a decision to purchase anything, he/she prefer to get the greatest value that is possible but at the least amount of money.

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User Reins
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