A Consumer Maximizes His or Her Utility When Expenditures Are

question 117

Multiple Choice

A consumer maximizes his or her utility when expenditures are allocated such that

• A)the total utility from each good is equal.
• B)the total number of dollars spent on each good is equal.
• C)the utility received from the last unit of each good is equal.
• D)the utility received per dollar spent on the last unit of each good is equal.
• E)the marginal utility is zero for each good consumed utility.

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