When a consumer has chosen an optimal bundle of goods, this bundle maximizes marginal utility.

Name: When a consumer has chosen an optimal bundle of goods, this bundle maximizes marginal utility.
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Quizplus · Accepted Answer

When a consumer has chosen an optimal bundle of goods, this bundle maximizes total utility given their budget, not marginal utility. The condition for an optimal bundle is that the marginal utility per dollar spent is equal across all goods, not that marginal utility itself is maximized.

When a Consumer Has Chosen an Optimal Bundle of Goods