To Maximize Utility, a Consumer Should Allocate Money Income So

question 116

Multiple Choice

To maximize utility, a consumer should allocate money income so that the

• A)elasticity of demand on all products purchased is the same.
• B)marginal utility obtained from the last dollar spent on each product is the same.
• C)total utility derived from each product consumed is the same.
• D)marginal utility of the last unit of each product consumed is the same.