The consumer optimum is found by using
A) marginal utility.
B) total utility.
C) total utility minus marginal utility.
D) total utils.

Name: The consumer optimum is found by using A) marginal utility. B) total utility. C) total utility minus marginal utility. D) total utils.
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Question

Quizplus · Accepted Answer

The consumer optimum is the point at which the consumer's marginal utility per dollar spent on each product is equal. Therefore, marginal utility is the key concept used to find the consumer optimum.

The Consumer Optimum Is Found by Using