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7.1.3 equi-marginal principle

What condition allows a consumer to maximise total utility from a fixed budget?

A

Equal price per unit across all goods bought.

B

Equal marginal utility across all goods bought.

C

Equal marginal utility per £ across all goods bought.

D

Equal total utility across all goods bought.

7.1.3 equi-marginal principle Flashcards

  1. Intl A Level
  2. /Economics
  3. /7.1.3 equi-marginal principle

22 flashcards on CIE Intl A Level Economics 7.1.3 equi-marginal principle: the key terms and definitions you need to recall.