Standard Cycle

One

Why do consumers seek to maximize their utility? Is marginal utility more useful than total utility in the decision making of consumers? Why or why not? Is marginal utility per dollar spent a more accurate view than marginal or total utility? Why or why not?

Two

Is examining the intersection of budget lines and indifference curves a valid means of assessing consumer behavior? Why or why not? How does your analysis of this topic apply to making business decisions?

***PLEASE PROVIDE 250 – 500 WORDS PER QUESTION….NO PLAGIARISM…IN-TEXT CITATION AND REFERENCE FOR EACH QUESTION

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