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If a Consumer Is Faced with a Choice of Products

Question 15

Multiple Choice

If a consumer is faced with a choice of products A, B, C, ..., and has a given money income, the consumer's utility will be maximized when


A) TUA = TUB = TUC = ...
B) MUA = PA; MUB = PB; MUC = PC; ...
C) MUA = MUB = MUC = ...
D) MUA/PA = MUB/PB = MUC/PC = ...
E) PA = PB = PC = ...

Correct Answer:

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