At the optimal consumption bundle:
A) the marginal utility of all goods consumed is equal.
B) the marginal utility per dollar spent is equal for all goods consumed.
C) the price of all goods consumed is equal.
D) total utility from all goods consumed is equal.
Correct Answer:
Verified
Q22: Smedley, a careful utility maximizer, consumes peanut
Q23: Diego spends all of his income on
Q24: Juan spends all of his income on
Q27: Jill, a careful utility maximizer, consumes peanut
Q28: If, for Adam, the marginal utility of
Q29: Assume that diminishing marginal utility applies to
Q31: Kawamura, a careful utility maximizer, consumes peanut
Q65: If a consumer derives more utility by
Q66: Sally devotes all of her income to
Q68: Sally devotes all of her income to
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents