Q. A consumer with a fixed income will maximize utility when each good is purchased inamounts such that the: (Solved)
1. total utility is the same for each good.
2. marginal utility of each good is maximized.
3. marginal utility per dollar spent is the same for all goods.
4. marginal utility per dollar spent is maximized for each goo
- c. marginal utility per dollar spent is the same for all goods.