Sovi.AI - AI Math Tutor

Scan to solve math questions

QUESTION IMAGE

what does it mean to maximize utility? to strengthen the skills of a wo…

Question

what does it mean to maximize utility?
to strengthen the skills of a workforce
to be as useful as possible
to become as efficient as possible
to gain the most satisfaction as possible
question 18
macroeconomics looks at decision making by individuals, households and businesses.
true
false

Explanation:

Brief Explanations

In economics, utility refers to the satisfaction or happiness a consumer gets from consuming goods and services. Maximizing utility means getting the most satisfaction possible. Also, macroeconomics focuses on the economy as a whole, not on individual - household - business decision - making which is microeconomics.

Answer:

To gain the most satisfaction as possible
False