Total utility is maximixed in the consumption of two goods by equating the a.Prices of both goods for the last dollar spent on each good b.Marginal utilities of both goods for the last dollor spent on each good. d. Marginal utility of one good to the price of the other good.
Total utility is maximixed in the consumption of two goods by equating the a.Prices of both goods for the last dollar spent on each good b.Marginal utilities of both goods for the last dollor spent on each good. d. Marginal utility of one good to the price of the other good.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section: Chapter Questions
Problem 3SQP
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Total utility is maximixed in the consumption of two goods by equating the
a.Prices of both goods for the last dollar spent on each good
b.Marginal utilities of both goods for the last dollor spent on each good.
d.
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