Question 25

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

Question details

Exam body
NDA
Subject
Economics
Year
2017/2018
Question no.
#25
Type
Objective

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