Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2024 · Paper 32 · Question 1

9708Utility

If consumers aim to maximise their utility, how will they arrange their spending?

  1. Ato obtain the same total utility from each commodity
  2. Bto obtain the same total utility per $ spent on each commodity
  3. Cto obtain the same utility from the last unit of each commodity
  4. Dto obtain the same utility from the last $ spent on each commodity

As printed in the paper

Show the answer

Correct answer: D. to obtain the same utility from the last $ spent on each commodity

Sit this whole paper →More on Utility

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.