Q.

A consumer with a given income will maximise their utility when:

A. the marginal utility derived from each commodity is equal.
B. the marginal utility derived from each product consumed is zero.
C. the total utility derived from each commodity consumed is equal.
D. the marginal utilities derived from each commodity consumed are proportional
Answer» D. the marginal utilities derived from each commodity consumed are proportional

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Managerial Economics

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