πŸ“Š MicroEconomics, Theory and Applications 1
Q. A consumer with a fixed income will maximize utility when each good is purchased in amounts such that the:
  • (A) total utility is the same for each good.
  • (B) marginal utility of each good is maximized.
  • (C) marginal utility per dollar spent is the same for all goods.
  • (D) marginal utility per dollar spent is maximized for each good.
πŸ’¬ Discuss
βœ… Correct Answer: (C) marginal utility per dollar spent is the same for all goods.

You must be Logged in to update hint/solution

πŸ’¬ Discussion


πŸ“Š Question Analytics

πŸ‘οΈ
190
Total Visits
πŸ“½οΈ
1 y ago
Published
πŸŽ–οΈ
Admin
Publisher
πŸ“ˆ
90%
Success Rate