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    Exam 8: Utility and Demand
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    A Consumer Maximizes Total Utility When All Available Income Is
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A Consumer Maximizes Total Utility When All Available Income Is

Question 3

Question 3

Multiple Choice

A consumer maximizes total utility when all available income is spent and the


A) marginal utility from each good is equal for all goods.
B) marginal utility per dollar from each good is equal for all goods.
C) dollars spent on the last unit of each good are equal for all goods.
D) total utility from all goods purchased is equal.

Correct Answer:

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