Question 5

A condition for consumer utility maximization is

  • A.equality of the ratio of marginal utilities and the ratio of prices
  • B.equality of the ratio of average utilities and the ratio of prices
  • C.equality of the marginal utility to total utility ratio for both commodities
  • D.total utility and marginal utility must be zero
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2012
Question no.
#5
Type
Objective

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