Multiple Choice
According to the marginal utility theory,consumers
A) maximize utility and minimize marginal utility.
B) maximize utility and equalize marginal utility per dollar across all goods.
C) save part of their income for future consumption.
D) maximize utility by spending the most on the least expensive good.
E) maximize utility by spending the least on the least expensive good.
Correct Answer:

Verified
Correct Answer:
Verified
Q55: Shelley is maximizing utility in her consumption
Q56: Use the table below to answer the
Q57: Use the table below to answer the
Q58: With respect to water and diamonds,water<br>A)has a
Q59: Let MU<sub>A</sub> and MU<sub>B</sub> stand for the
Q61: Ron starts out in consumer equilibrium,consuming two
Q62: If the price of a good rises,then
Q63: Use the table below to answer the
Q64: Consider Devon's total utility from snorkeling and
Q65: Advise Sarah how to maximize her utility