Question: Which statement is correct? Select the best answer. Answer Keypad Keyboard Shortcuts Marginal utility per dollar is the amount of utility of an additional dollar

Which statement is correct? Select the best answer.

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Marginal utility per dollar is the amount of utility of an additional dollar in wages received.

A budget constraint shows the possible combinations of two goods that are affordable given a consumer's limited income.

If individuals want to maximize the utility from their limited budget, they will always purchase the product with the lowest price to get more of it and, as a result, more utility.

Which statement is correct? Select the best

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