MCQOPTIONS
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| 1. |
A consumer with a fixed income will maximize utility when each good is purchased inamounts such that the: |
| A. | total utility is the same for each good. |
| B. | marginal utility of each good is maximized. |
| C. | marginal utility per dollar spent is the same for all goods. |
| D. | marginal utility per dollar spent is maximized for each good. |
| Answer» D. marginal utility per dollar spent is maximized for each good. | |