Why is a consumers satisfaction maximized when the marginal benefit from the last dollar spent on one

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Why is a consumer’s satisfaction maximized when the marginal benefit from the last dollar spent on one good is equal to the marginal benefit from the last dollar spent on another good?

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Microeconomics

ISBN: 978-1292079578

Global Edition 1st Edition

Authors: David Laibson, John List

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Question Posted: Dec 15, 2015 07:49 AM

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Why is a consumers satisfaction maximized when the marginal benefit from the last dollar spent on one

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The marginal benefit from each additional dollar s...View the full answer

Microeconomics

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