Question: 4. Rational consumers will continue to consume two goods until the a. marginal utility per dollars worth of the two goods is the same for
4. Rational consumers will continue to consume two goods until the
a. marginal utility per dollar’s worth of the two goods is the same for the last dollar spent on each good.
b. marginal utility is the same for each good for the last dollar spent on each good.
c. prices of the two goods are equal for the last dollar spent on each good.
d. prices of the two goods are unequal.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
