Question on: JAMB Economics - 2016
In the theory of the consumer behavior, a consumer is said to maximize utility when
A
Marginal utility of a commodity is equal to the price paid for it
B
Marginal utility of a commodity X is equal to the price of commodity Y
C
Average utility of a commodity is equal to the price paid for it
D
Total utility of a commodity is equal to the price paid for it
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Correct Option: D
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