Multiple Choice
The consumer chooses the bundle of goods that maximizes his utility and spends all his income.Which of the following statements is correct?
A) The marginal utilities of all goods are equal.
B) Expenditures on all goods are equal.
C) The addition to utility of the last unit of the good is equal across all goods.
D) The addition to utility of the last unit of the good per dollar spent on the good is equal across all goods.
Correct Answer:

Verified
Correct Answer:
Verified
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