Economics B A-Level
Utility maximisation
What Utility maximisation means in Economics B A-Level, as defined for Pearson Edexcel.
Definition of Utility maximisation
Check what you remember
Read the wording for your board, then hide it and explain Utility maximisation in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: Pearson Edexcel
The primary objective of consumers in traditional economic theory, being to maximise satisfaction from the goods and services they purchase, subject to budget constraints.
Topics that use Utility maximisation
- Demand (Pearson Edexcel A-Level)
Related terms
- Complementary goods
- Non-price determinants
- Opportunity cost
- Rational decision making
- Shift of the demand curve
- Contraction of demand
- Extension of demand
- Movement along the demand curve
Using Utility maximisation in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
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