In spending all his income, the consumer chooses the bundle of goods that maximizes his utility. Which of the following statements will be correct?

Question

Answer

The addition to utility of the last unit of the good is equal across all goods.

Answer

none of the above

Answer

The addition to utility of the last unit of the good per dollar is equal across all goods.

Answer

The marginal utilities of all goods are equal.

Answer

Expenditures on all goods are equal.

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