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john smedley, a careful maximizer of utility, consumes only two goods, peanut butter and ice cream. he had just achieved the utility-maximizing solution in his consumption of the two goods when the price of ice cream fell. as he adjusts to this event, he will consume:

Respuesta :

As he adjusts to this event, he will consume more peanut butter and less broccoli.

Consumption is an activity that aims to reduce or spend the use value of goods/services to meet needs or direct satisfaction. Those who carry out consumption activities are called consumers. It is these consumers who use goods/services either for their own use or for the benefit of people or other living things that are not for resale.

Consumption has several important functions and roles in economic activity, including the following.

  1. Fulfillment of Human Desires
  2. Economic Activities
  3. Support Production Activities
  4. Analyzing Individual Behavior
  5. Formulation of the State's Economy
  6. Income and Employment Theory

You can learn more about Consumption here brainly.com/question/14933604

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