Question 0

In the theory of the consumer behavior, a consumer is said to maximize utility when

  • A.Marginal utility of a commodity is equal to the price paid for it
  • B.Marginal utility of a commodity X is equal to the price of commodity Y
  • C.Average utility of a commodity is equal to the price paid for it
  • D.Total utility of a commodity is equal to the price paid for it
  • E.
Objective

Question details

Exam body
JAMB
Subject
Economics
Year
2016
Question no.
#0
Type
Objective

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