At a consumer optimum, for all goods purchased,
Content information:
Consumer optimum occurs at a point where the affordable bundle of goods provides the consumer a higher level of satisfaction.
At the consumer optimum, Marginal Utility per dollar is equal across goods.
Want to see the full answer?
Check out a sample textbook solutionChapter 20 Solutions
Mylab Economics With Pearson Etext -- Access Card -- For Economics Today: The Micro View
- Principles of Economics (12th Edition)EconomicsISBN:9780134078779Author:Karl E. Case, Ray C. Fair, Sharon E. OsterPublisher:PEARSONEngineering Economy (17th Edition)EconomicsISBN:9780134870069Author:William G. Sullivan, Elin M. Wicks, C. Patrick KoellingPublisher:PEARSON
- Principles of Economics (MindTap Course List)EconomicsISBN:9781305585126Author:N. Gregory MankiwPublisher:Cengage LearningManagerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage LearningManagerial Economics & Business Strategy (Mcgraw-...EconomicsISBN:9781259290619Author:Michael Baye, Jeff PrincePublisher:McGraw-Hill Education