Author Question: Total utility is maximized when a consumer has spent all of his or her income and A) spent equal ... (Read 88 times)

jman1234 · **on:** Jun 29, 2018

Total utility is maximized when a consumer has spent all of his or her income and

A) spent equal amounts on all goods.
B) marginal utility is maximized.
C) the total utility per dollar from all goods is equal.
D) the marginal utility per dollar from all goods is equal.

Question 2

The supplier of your ________ is most likely a monopoly.

A) shoes
B) toothpaste
C) textbooks
D) home electricity