Final answer:
Utility-maximizing choices involve weighing and comparing the potential happiness or satisfaction provided by each option. By calculating the total utility of each option, you can identify the one with the highest utility.
Step-by-step explanation:
Utility-maximizing choices involve weighing the potential happiness or satisfaction that each option can provide. To calculate the total utility of a choice:
Identify the options available.
Calculate the happiness or satisfaction produced by each option.
Add up the individual utilities to determine the total utility of each option.
Choose the option with the highest total utility.
For example, if José consumes three T-shirts worth 63 utils each and two movies worth 31 utils each, the total utility of his choice would be 94 (63 + 31).
Repeat this calculation for each option to compare their total utilities.