A Consumer Maximizes Total Utility When All Available Income Is

question 3

Multiple Choice

A consumer maximizes total utility when all available income is spent and the

• A) marginal utility from each good is equal for all goods.
• B) marginal utility per dollar from each good is equal for all goods.
• C) dollars spent on the last unit of each good are equal for all goods.
• D) total utility from all goods purchased is equal.