According to the principle of rational choice, a consumer should spend money on those goods which provide the most marginal utility per dollar.

Name: According to the principle of rational choice, a consumer should spend money on those goods which provide the most marginal utility per dollar.
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Question

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The principle of rational choice suggests that consumers aim to maximize their total utility by allocating their budget to goods that offer the highest marginal utility per dollar spent.

According to the Principle of Rational Choice, a Consumer Should