A utility maximizing household will allocate it... - JAMB Economics 1999 Question
A utility maximizing household will allocate its expenditure so that?
A
more naira is spent on commodities with the highest utility
B
less naira is spent on commodities with the lowest utility
C
the utility of the last naira spent on each commodity is equal
D
the amount spent on each commodity is equal
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Correct Option: C
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