Given a Fixed Level of Spending, You Will Maximize Utility

question 73

Multiple Choice

Given a fixed level of spending, you will maximize utility when the:

• A) total satisfaction from both goods is maximized regardless of cost.
• B) marginal satisfactions are maximized.
• C) ratios of the total utilities to their prices are equal.
• D) ratios of the marginal utilities to their prices are equal.

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