Which of the following best describes the consumer optimum?
A) $\mathrm { MU } _ { \mathrm { a } }$ /
$\mathrm { P } _ { a }$ =
$\mathrm { TU } _ { b }$ /
$P _ { b }$
B) $\mathrm { MU } _ { \mathrm { a } }$ /
$\mathrm { TU } _ { \mathrm { a } }$ =
$\mathrm { P } _ { a }$
C) $\mathrm { MU } _ { \mathrm { a } }$ /
$\mathrm { P } _ { a }$ =
$\mathrm { MU } _ { \mathrm { b } }$ /
$P _ { b }$ = ...=
$\mathrm { MU } _ { \mathrm { Z } }$ /
$P _ { Z }$
D)change in TU/change in P = MU

Question

Quizplus · Accepted Answer

The consumer optimum is achieved when the marginal utility per dollar spent is equal across all goods, which is represented by option C.

Which of the Following Best Describes the Consumer Optimum? A) MUa\mathrm { MU } _ { \mathrm { a } }MUa​

Which of the Following Best Describes the Consumer Optimum?
A) $\mathrm { MU } _ { \mathrm { a } }$