According to the Marginal Utility Theory,consumers

question 60

Multiple Choice

According to the marginal utility theory,consumers

• A)maximize utility and minimize marginal utility.
• B)maximize utility and equalize marginal utility per dollar across all goods.
• C)save part of their income for future consumption.
• D)maximize utility by spending the most on the least expensive good.
• E)maximize utility by spending the least on the least expensive good.

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Definitions:

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