The Old Saying "Getting the Biggest Bang for Your Buck

question 55

Multiple Choice

The old saying "getting the biggest bang for your buck" means that

• A) consumers never experience diminishing marginal utility.
• B) consumers maximize their utility.
• C) consumers spend every dollar in their budget.
• D) the real-income effect is equal to the substitution effect.
• E) consumers stop consuming when the marginal utilities of each good are equal regardless of the prices of each good.