Maxine Has a Fixed Income Per Month to Spend on Goods

question 22

Multiple Choice

Maxine has a fixed income per month to spend on goods and services,so in allocating her limited income over a set of goods,she should purchase the goods that

• A) have the highest utility regardless of price.
• B) have the highest marginal utility.
• C) provide the most utility per dollar spent.
• D) have equal marginal utilities.

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Definitions:

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