Question 0

With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?

  • A.total utility derived from each goods and services is increasing at an increasing rate
  • B.marginal utility derived from each good or service is increasing at the same rate
  • C.marginal utility derived per naira spent is the same for all the goods and services
  • D.total utility derived from all the goods and services is large
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
1997
Question no.
#0
Type
Objective

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