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

Verified
Correct Answer:
Verified
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