The consumer optimum for consuming two goods is a. achieved when the price of each good is equal. b. the price multiplied by the marginal utility is equal for the two goods. c. the marginal utility per last dollar spent is equal for the two goods. d. the total utility from each good is equal.

Respuesta :

Answer:

The correct answer is letter "C": the marginal utility per last dollar spent is equal for the two goods.

Explanation:

Marginal Benefit refers to the extra benefit or satisfaction obtained from the use of one additional unit of a good or service. Something has value if it satisfies any consumer's wants or needs, whether for use or pleasure. It is a term that is subjective.

When comparing the marginal utility of two goods, the consumer optimum represents the point in which the marginal utility per last dollar spent for each good is equal. At that point, both goods will generate the same satisfaction for consumers.

ACCESS MORE
EDU ACCESS