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If a Consumer Spends All His Income and His Marginal

Question 47

Multiple Choice

If a consumer spends all his income and his marginal utility per dollar is equal for all goods,then


A) marginal utility is maximized.
B) total utility is maximized.
C) he cannot be better off even with more income.
D) the proportion of income spent on each good must be equal.
E) the number of units bought of each good must be equal.

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