Dazhaanaas2hdo Dazhaanaas2hdo
  • 08-02-2017
  • Business
contestada

a consumer maximizes total utility from a given amount of income when the

Respuesta :

adefioyelaoye
adefioyelaoye adefioyelaoye
  • 17-03-2022

A consumer maximizes total utility from a given amount of income when the same amount of utility per unit of each product is consumed.

What is Utility?

This is defined as the the usefulness a consumer can get from a good or service.

Utility is maximized by consumer when the same amount of utility per unit of each product is consumed as a result of absence of wastage.

Read more about Utility here https://brainly.com/question/24922430

Answer Link

Otras preguntas

How would use describe a tiger in less than 10 words (I have to write poetry for English)
What happens when a cold air mass meets a warm air mass that is not moving?
it takes 3 buckets of water to fill one third of a fish tank how many buckets are needed to fill whole tank
Which of the following reasons complete the proof in the picture below A.definition of complementary B.substitution property of equality C.definition of suppl
circle P has radius 10cm. two perpendicular radii are drawn, and a smaller circle is drawn tangent to both radii and tha larger circle.  What is the radius of t
can a trapezoid have four obtuse angles
During the summer , you want to earn at least $150 per week. You can earn$10 per hour working for a farmer, and $5 per hour babysitting.you can work at most 25
What is a lunar eclipse?
What are the two main styles of action of the specific immune response
16 is 30% of what number?