Economics 9708 · AS & A Level · Indifference curves and budget lines

Indifference curves and budget lines — practice question

If consumers want to maximise their utility, how will they allocate their spending?

  • Ato obtain the same total utility from each commodity
  • Bto obtain the same total utility per $ spent on each commodity
  • Cto obtain the same utility from the last unit of each commodity
  • Dto obtain the same utility from the last $ spent on each commodity

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