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Spending an additional dollar on good arather

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Reference no: EM131163468

Assume that a consumer derives more utility by spending an additional dollar on Good Arather than on Good B. We can assume that:

1. The price of Good A is less than the price of Good B.

2. The marginal utility per dollar spent on Good A is equal to the marginal utility per dollar spent on Good B.

3. The marginal utility per dollar spent on Good A is greater than the marginal utility per dollar spent on Good B.

4. The marginal utility per dollar spent on Good A is less than the marginal utility per dollar spent on Good B.

Reference no: EM131163468

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