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
Explanation
Correct Option
cNo explanation available
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Discussions (2)
dollyd1
12 years ago
The formula 4 calculating APC is consumption divided by total income...400 divided by 500 is 0.80....I don't understand why I should be marked wrong.how could it be 1.25
