Consumers maximize utility from "summary" of Principles of Economics by Saifedean Ammous
Consumers are rational agents who seek to maximize their satisfaction from consuming goods and services. This satisfaction, known as utility, is subjective and varies from person to person. Consumers make decisions based on their preferences and constraints to achieve the highest level of utility possible within their budget.
When faced with choices, consumers weigh the costs and benefits of each option to determine which one will provide them with the most utility. This process involves evaluating the marginal utility of each additional unit consumed and comparing...
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