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cupoosta [38]
3 years ago
10

Telling your spouse where you would like to go out to eat for your birthday makes sense in terms of utility maximization. This s

tatement recognizes that ______.
Business
1 answer:
Elanso [62]3 years ago
8 0

Answer:

The correct answer is: The benefit of making the request will likely exceed the cost.

Explanation:

Utility maximization implies obtaining the greatest return after making a decision considering the least amount possible of resources in the process to obtain what is desired. The benefit is greater than the cost, utility maximization takes place in determining what the benefit and the cost could be.

Thus, <em>if you decide to tell your spouse where to go to eat for your birthday, the benefit of informing that is likely higher than the cost of disclosing that information</em>.

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