Total utility is maximized when the ________ for all goods.
A) marginal utility per dollar spent is equal
B) marginal utilities are zero
C) marginal utilities are maximized
D) marginal utilities are negative

Question

Quizplus · Accepted Answer

Total utility is maximized when the marginal utility per dollar spent is equal for all goods, as this ensures that the consumer is allocating their budget in a way that maximizes overall satisfaction.

Total Utility Is Maximized When the ________ for All Goods