If a consumer buys two goods, the rational spending rule requires that the:
(a) ratio...
Business, 02.11.2019 03:31 Valfrutos2912
If a consumer buys two goods, the rational spending rule requires that the:
(a) ratio of the average utility to price be equal for the two goods.
(b) total expenditure on the two goods be equal.
(c) ratio of the marginal utility to price be equal for the two goods.
(d) ratio of the total utility to price be equal for the two goods.
Answers: 3
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