Consumers maximize total utility within their budget constraint by
A) spending the same dollar amount for each good.
B) buying the cheapest goods they can find.
C) buying whatever they like the best.
D) buying the goods with the largest marginal utility per dollar spent.
D
Economics
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Refer to Table 11.1. What is the value of the tax multiplier?
A) -0.67 B) -1.875 C) 2.33 D) 3
Economics
Making optimal decisions "at the margin" requires
A) making consistently irrational decisions. B) weighing the costs and benefits of a decision before deciding if it should be pursued. C) making decisions according to one's whims and fancies. D) making borderline decisions.
Economics