B3encerNick
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Total utility is maximized in the consumption of two goods by

Aequating the marginal utility for each good consumed.
Bequating the marginal utility per dollar for each good consumed.
Cequating the total utility of each good divided by its price.
Dmaximizing expenditure on each good.

Verified Answer :

garydesir1

Hi there


The correct answer is : B


I hope that's help:)

meerkat18

Marginal utility from a good is the change in total utility that results from a unit increase in the quantity of the good consumed. to maximize utility, we can use the process of B.equating the marginal utility per dollar for each good consumed. This is also obtained by trying different combinations and trying out which one is the best

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