Question
5. Maximum utility occurs when:* a. Implicit costs exceed explicit costs b. The marginal utility per dollar for both goods is equal c. The marginal
5. Maximum utility occurs when:*
a. Implicit costs exceed explicit costs
b. The marginal utility per dollar for both goods is equal
c. The marginal utility per dollar for the cheaper good is greater
d. The marginal utility per dollar for the more expensive good is greater
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Principles Of Microeconomics 2e By OpenStax
Authors: OpenStax
2nd Edition
1947172344, 978-1947172340
