Question 15

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

Question details

Exam body
RSUT
Subject
Economics
Year
2009/2010
Question no.
#15
Type
Objective

More from this paper

See all Economics 2009/2010 questions