A Consumer Maximizes Utility When She Consumes at a Point

question 537

Multiple Choice

A consumer maximizes utility when she consumes at a point where​

• A)​the marginal utility of each good is the same.
• B)​the marginal utility per dollar spent on each good is the same.
• C)​the price of each good is the same.
• D)​All of the above statements are true.

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Definitions:

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