A Consumer Maximizes His or Her Utility When Expenditures Are

question 95

Multiple Choice

A consumer maximizes his or her utility when expenditures are allocated such that

• A) the utility received per dollar spent on the last unit of each good is equal.
• B) the total number of dollars spent on each good is equal.
• C) the utility received from the last unit of each good is equal.
• D) the marginal utility is zero for each good consumed utility.
• E) the total utility from each good is equal.

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Definitions:

Sufficient Wages

Compensation or income levels that are adequate to support a worker's basic needs and living expenses.

United States Code

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