A utility maximizing household will allocate its expenditure so that?

Economics

JAMB 1999

A. more naira is spent on commodities with the highest utility
B. less naira is spent on commodities with the lowest utility
C. the utility of the last naira spent on each commodity is equal
D. the amount spent on each commodity is equal

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Correct Answer: Option C

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A utility maximizing household will allocate its expenditure so that?

Correct Answer: Option C

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