Assessment 8 (page 6 of 7)

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University of South Africa *

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1501

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Economics

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Nov 24, 2024

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Question 10 Not yet answered Marked out of 1.00 Question 11 Not yet answered Marked out of 1.00 A consumer is maximising his/her utility when the marginal utility for all goods purchased is equal. the marginal utilities per rand are the same on all goods in his/her budget. marginal utility is negative on all goods and services. the use value of a good minus the exchange value of a good is negative. Clear my choice A utility-maximising consumer will choose to purchase another unit of a good if the opportunity cost of consuming the good is constant. the good has the lowest weighted marginal utility. the marginal utility of the good is falling. the good has the highest weighted marginal utility. Clear my choice ◄ Forum - Assessment 8 Jump to... Assessment 9 ► Dashboard / My courses / ECS1501-23-S1 / Assessments / Assessment 8 Dashboard Calendar
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