Question

Maximizing satisfaction means ________. making a decision with the most costs choosing an option that gives the least happiness focusing only on the disadvantages of a decision receiving the most benefits with relatively few costs

Answer 1

Satisfaction in economic terms is the benefit that an individual gains from consuming a given amount of goods or services.
Maximizing satisfaction means receiving the most benefits with relatively few costs.
There is also additional bit of satisfaction, or amount of utility, gained from each extra unit of consumption. This is called a marginal utility.