Someone who pays $800 to fly from one city to another instead of paying only $100 for a bus trip between the two cities is making an irrational choice and is thus not maximizing his utility.

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Breeann Garver · Accepted Answer

Final Answer : False, Explanation :  Utility maximization is subjective and depends on individual preferences, such as valuing time over money, comfort, or convenience, which could justify the higher cost of flying over taking a bus.

Someone who pays $800 to fly from one city to another instead of paying only $100 for a bus trip between the two cities is making an irrational choice and is thus not maximizing his utility.

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