Hello Friends! Welcome to the eBuzzPro.com blog. And in today’s article we will know that “Which of the following best describes how a consumer maximizes total utility from the consumption of a bundle of goods and services?”? By the way, people are searching this question very much on Google in United States.
Which of the following best describes how a consumer maximizes total utility from the consumption of a bundle of goods and services?
A. By choosing the quantity of each good such that the quantity demanded of each good is equal to the quantity supplied
B. By choosing the quantity of each good such that the marginal utility from each good is equal to zero
C. By choosing the quantity of each good such that the price is equal to the marginal revenue
D. By choosing the level of output where marginal revenue is equal to marginal cost
E. By choosing the combination of goods such that the marginal utility per dollar spent on the last unit of each good is equal
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