Multiple Choice
The rule for rational budget allocation by a consumer is that the marginal utility of each good:
A) purchased divided by its price must be equal.
B) purchased multiplied by its price must be equal.
C) must be zero.
D) must be infinite.
E) none of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q64: Total utility tends to rise as the
Q65: The fundamental condition of maximum satisfaction or
Q66: Use the following to answer questions :<br>Figure
Q67: A commodity important for welfare may sell
Q68: Marginal utility tends to rise as total
Q69: If we know a consumer's tastes, if
Q71: The substitution effect says:<br>A)when the price of
Q72: Marginal utility tends to increase as total
Q73: If a good which is important for
Q74: Suppose there are only two consumers (A