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An optimizing consumer will select a consumption bundle in which Group of answer choices income is maximized, and prices are minimized. utility is maximized, and prices are minimized. utility is maximized, subject to budget constraints.

Sagot :

An optimising consumer will select a consumption bundle in which Group of  utility is "maximized."

What is an Optimising consumer?

When consumers are able to obtain the highest indifference curve for their specific level of income within the budget constraint, optimisation takes place.

The experience of customer optimising depends on-

  • by respecting consumers' time,
  • being friendly,
  • offering resources that are knowledgeable, and
  • resourceful

The process for optimising a product is-

  • Use stunning pictures to promote your products.
  • Include many images.
  • In the page's title tags and product descriptions, use keyword phrases that are pertinent to the item.
  • Share endorsements and client feedback.
  • A good image spacing will prevent an overly busy appearance.

To know more about indifference curve, here

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