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
Explanation
Correct Option
cNo explanation available
Video Explanation
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