The conditions for utility maximization are A. the law of diminishing marginal utility and the affordability rule. B. that the marginal utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget. C. the equimarginal rule and the law of diminishing marginal utility. D. that the total utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget.
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Home » Business » The conditions for utility maximization are A. the law of diminishing marginal utility and the affordability rule. B. that the marginal utility per dollar on all goods is equal and the money spent on all goods adds up to the fixed budget. C.