Economics · Consumer Behavior and Utility Analysis
The principle stating that a consumer achieves maximum satisfaction when the marginal utility per unit of money spent is equal across all goods purchased is known as the ______.
- 1Law of Equimarginal Utility✓
- 2Indifference Curve Analysis
- 3Law of Demand
- 4Law of Diminishing Marginal Utility
Correct answer
Law of Equimarginal Utility
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