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A Consumer Maximizes Total Utility from a Given Amount of Income

Question 89

Multiple Choice

A consumer maximizes total utility from a given amount of income when the


A) Marginal utility obtained from the last dollar spent on each good is the same.
B) Marginal utility of the last unit of each good is the same.
C) Total utility obtained from each product is the same.
D) Amount spent for each product is the same.

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