As a consumer allocates income between good A and good B, total ...

[809779]

As a consumer allocates income between good A and good B, total utility is maximized when
 a. the marginal utility of A = the marginal utility of B
  b. the marginal utility of A = the marginal utility of B = 0
  c. the price of A = price of B
  d. marginal utility of A/price of A = marginal utility of B/price of B = 0
  e. marginal utility of A/price of A = marginal utility of B/price of B

Question 2

When a consumer spends income so that the ratio of marginal utilities (MUs) of all goods purchased equals the ratio of their prices, the consumer is
 a. maximizing marginal utility
  b. spending too much on all goods
  c. maximizing total utility
  d. beyond the point of diminishing marginal utility
  e. behaving in opposition to the principal of rational behavior

[Christopher]

Answer to Question 1

E

Answer to Question 2

C

[809779]

Thanks for the timely response, appreciate it

[shewald78]

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