Utility Is Maximized in the Consumption of Two Goods by Equating

question 34

Multiple Choice

Utility is maximized in the consumption of two goods by equating the:

• A) marginal utility of one good to the price of the other.
• B) ratios of marginal utility to price for both goods.
• C) ratios of total utility to price of both goods.
• D) marginal utilities of both goods.

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