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According to the Rational Spending Rule,for a Rational Consumer the Relationship

Question 98

Multiple Choice

According to the rational spending rule,for a rational consumer the relationship between the price of an item and the utility gained by consuming that item is


A) the lower the price,the greater the total utility.
B) the lower the price,the greater the marginal utility.
C) the lower the price,the lower the marginal utility.
D) the higher the price,the lower the marginal utility.

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