As a Consumer Allocates Income Between Good a and Good

question 156

Multiple Choice

As a consumer allocates income between Good A and Good B,total utility is maximized when _____

• A)the marginal utility of Good A = the marginal utility of Good B.
• B)the marginal utility of Good A = the marginal utility of Good B = 0.
• C)the price of Good A = the price of Good B.
• D)the marginal utility of Good A/the price of Good A = the marginal utility of Good B/the price of Good B = 0.
• E)the marginal utility of Good A/the price of Good A = the marginal utility of Good B/the price of Good B.

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Definitions:

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