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Author Question: A consumer maximizes his or her utility when expenditures are allocated such that (Read 66 times)

jenniferbaugh1984

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on: Oct 12, 2022

Question 1

The idea that the utility a consumer derives from successive units of a good diminishes as total consumption of the good increases is known as
◦ the utility theory of demand.
◦ utility maximization.
◦ diminishing marginal utility.
◦ diminishing total utility.
◦ the paradox of value.

Question 2

A consumer maximizes his or her utility when expenditures are allocated such that
◦ the utility received per dollar spent on the last unit of each good is equal.
◦ the utility received from the last unit of each good is equal.
◦ the total number of dollars spent on each good is equal.
◦ the total utility from each good is equal.
◦ the marginal utility is zero for each good consumed utility.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by jenniferbaugh1984 on Oct 12, 2022

swagmaster69

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jenniferbaugh1984

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Reply 2 on: Oct 12, 2022
Great answer, keep it coming :)

rachel

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Reply 3 on: Yesterday
Excellent

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