Question: What is the utility maximization rule? a.Choose the bundle where marginal utility per dollar spent is the same for both goods and your expenditure is

What is the utility maximization rule?

a.Choose the bundle where marginal utility per dollar spent is the same for both goods and your expenditure is less than your budget.

b.Choose the bundle where total utility is highest for both goods and your expenditure equals your budget.

c.Choose the bundle where marginal utility per dollar spent is the same for both goods and your expenditure equals your budget.

d.Choose the bundle where marginal utility is highest for both goods and your expenditure equals your budget.

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