For a Consumer to Maximize Utility from a Given Income

question 112

Multiple Choice

For a consumer to maximize utility from a given income,

• A)the marginal utility from each good must be maximized.
• B)the total utility from each good must be maximized.
• C)the marginal utilities of all goods and services consumed must be equal.
• D)the marginal utility per dollar from all goods and services consumed must be equal.
• E)the amount of each good consumed per dollar must be equal.