Multiple Choice
A consumer maximizes utility when:
A) some of the budget is left unspent.
B) he or she equalizes the marginal utility per dollar spent on each good.
C) the marginal utility per dollar spent on one good is higher than the marginal utility per dollar spent on another good.
D) the consumer spends all of his or her money on the good that is the cheapest.
Correct Answer:
Verified
Correct Answer:
Verified
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