Solved

If the Marginal Utility of Each Good a Consumer Buys

Question 115

Multiple Choice

If the marginal utility of each good a consumer buys does not diminish but remains constant, we should see consumers


A) buying no goods at all
B) spending all of their income on the good with the highest marginal utility
C) buying one unit of each good
D) buying only the least expensive good
E) leaving the store in total confusion

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions