A Consumer Has Maximized His or Her Utility by Consuming

question 234

Multiple Choice

A consumer has maximized his or her utility by consuming

• A) at the midpoint of the budget constraint line.
• B) at the midpoint of the demand curve.
• C) so that the total utility of all goods consumed is the same.
• D) so that the ratio of marginal utility to price is the same for all goods consumed.

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