Solved

The Optimal Consumption Rule for All Goods Requires That

Question 372

Essay

The optimal consumption rule for all goods requires that:
A.the marginal utility of all goods consumed divided by the price is equal to the budget constraint.
B.the marginal utility of all goods consumed exceeds the total utility of all goods.
C.the marginal utility of all goods consumed divided by the respective price is equal
D.the prices of all goods are equal.

Correct Answer:

verifed

Verified

the marginal utility...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents