A consumer's utility is maximized when:
A) the dollar amount spent on each good is the same.
B) the marginal utility of each good purchased is the same.
C) the price of each good is the same.
D) None of the above are generally true.

Question

Quizplus · Accepted Answer

A consumer's utility is maximized when the marginal utility per dollar spent is equal across all goods, which is not explicitly stated in any of the given options.

A Consumer's Utility Is Maximized When