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A rational consumer will adjust his spending pattern so that
Question 1
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A rational consumer will adjust his spending pattern so that
He buys only the one item that gives him most total satisfaction
The marginal utility he gets from the last unit of item is the same
The marginal utility he gets from the last naira spent on each item is the same
The total utility he gets from each item is the same
The total amount of money he spends on each item is the same
Answer Details
Read lesson note on The Theory Of Consumer Behaviour (JAMB)
Read lesson note on The Theory Of Demand (JAMB)
The Theory Of Consumer Behaviour
The Theory Of Demand
View Answer