In which of the following situations does a consumer's choice maximize utility, given the prices of goods and the consumer's income?

Question

Accepted Answer

The marginal utility per dollar from all goods must be equal.

Answer

The quantity of each good bought per dollar must be equal.

Answer

The marginal utilities of all goods must be equal.

Answer

The total utility from each good must be maximized.

Answer

The marginal utility from each good must be maximized.

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