With a given level of money income a consumer m... - JAMB Economics 1997 Question
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?
A
total utility derived from each goods and services is increasing at an increasing rate
B
marginal utility derived from each good or service is increasing at the same rate
C
marginal utility derived per naira spent is the same for all the goods and services
D
total utility derived from all the goods and services is large
correct option: c
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