Choose the best answer from the following options: A consumer will maximize his total utility if he buys the quantities of pasta and milk at which ___ The marginal utility from pasta equals the marginal utility from milk The consumer spends all of his budget and marginal utility from each good is equal The marginal utility from the more expensive good is less than the marginal utility from the cheaper good The consumer spends his entire budget and the marginal utility per dollar from pasta and milk are equal.

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Chapter 13, Problem 4MCQ

To determine

Choose the best answer from the following options: A consumer will maximize his total utility if he buys the quantities of pasta and milk at which ___

The marginal utility from pasta equals the marginal utility from milk
The consumer spends all of his budget and marginal utility from each good is equal
The marginal utility from the more expensive good is less than the marginal utility from the cheaper good
The consumer spends his entire budget and the marginal utility per dollar from pasta and milk are equal.

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