Total utility is maximized when _____.
A)marginal utility is maximized
B)marginal utility is the same for all goods consumed
C)marginal utility per dollar expenditure is maximized
D)marginal utility per dollar expenditure is the same for all goods consumed
E)any change in purchasing from good A to good B reduces marginal satisfaction

Question

Quizplus · Accepted Answer

Total utility is maximized when the marginal utility per dollar spent is equalized across all goods, ensuring the most efficient allocation of resources for maximum satisfaction.

Total Utility Is Maximized When _____