Julie,a student in Dr.Enz's Introduction to Microeconomics class,asked the question,"Is the way to maximize utility to set the per-dollar marginal utility of each good equal to each other?" Dr.Enz responded,"Close.You are missing one key point to maximizing utility." What did Julie miss when talking about maximizing utility?

Question

Quizplus · Accepted Answer

The Answer of Julie,a student in Dr.Enz's Introduction to Microeconomics class,asked the question,"Is the way to maximize utility to set the per-dollar marginal utility of each good equal to each other?" Dr.Enz responded,"Close.You are missing one key point to maximizing utility." What did Julie miss when talking about maximizing utility?

Julie,a Student in Dr