A Consumer's Optimum Is Found When

question 218

Multiple Choice

A consumer's optimum is found when

• A) the marginal utility of the last dollar spent equals zero for each good.
• B) the marginal utility of each good is increasing and the total income is spent.
• C) the total utility of each good is the same and the total income is spent.
• D) the marginal utility of the last dollar spent on each good is the same and all income is spent.

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Definitions:

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