H2 Economics Practice Questions - Singapore-Cambridge GCE A-Level Higher 2 (H2) Economics (Syllabus 9757 9570) Exam

A rational consumer maximises utility when, for a given budget, spending is allocated so that the:

Total utility from each good is equal Marginal utility of each good is equal Marginal utility per dollar spent is equal across all goods Price of each good is equal

Correct Answer:

Marginal utility per dollar spent is equal across all goods

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