Multiple Choice
Which of the following statements is always true when determining the consumer optimum?
A) Maximizing utility does not take budget restraints into consideration.
B) Maximizing utility is easy if you are considering only two goods.
C) Maximizing utility requires the marginal utility per dollar to be equal for each good consumed.
D) Maximizing utility requires the total utility per dollar to be equal for each good consumed.
E) Maximizing utility requires the marginal utility to be equal for each good.
Correct Answer:
Verified
Correct Answer:
Verified
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