A consumer's utility is maximized when:
a. the dollar amount spent on each good is the same

b. the marginal utility of each good purchased is the same.
c. the price of each good is the same.
d. None of the above are generally true.

d

Economics

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In 1798, An Essay on the Principle of Population was written by

A. Adam Smith. B. Thomas Malthus. C. Karl Marx. D.David Ricardo.

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Unemployment caused by a business cycle recession is called cyclical unemployment

Indicate whether the statement is true or false

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