Multiple Choice
As a consumer allocates income between Good A and Good B,total utility is maximized when _____
A) the marginal utility of Good A = the marginal utility of Good B.
B) the marginal utility of Good A = the marginal utility of Good B = 0.
C) the price of Good A = the price of Good B.
D) the marginal utility of Good A/the price of Good A = the marginal utility of Good B/the price of Good B = 0.
E) the marginal utility of Good A/the price of Good A = the marginal utility of Good B/the price of Good B.
Correct Answer:
Verified
Correct Answer:
Verified
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