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Consumer Optimum Consumption: Marginal Utility per Dollar Spent
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Consumer Optimum Consumption: Marginal Utility per Dollar Spent
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18. Consumer Choice and Behavioral Economics / Consumer Optimum Consumption: Marginal Utility per Dollar Spent / Problem 2
Problem 2
How does a consumer achieve optimum consumption?
A
By spending all their income on the most expensive good.
B
By purchasing only the cheapest goods available.
C
By consuming equal quantities of all goods.
D
By equalizing the marginal utility per dollar spent across all goods.
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