Asked by Kevin
What is more important to the consumer: Marginal utility or marginal utility per dollar and why
Answers
Answered by
economyst
I would go with marginal utility per dollar as it can be used to guide the consumer to allocate is dollars of income to maximize utility.
Although, truth be said, whenever I think of "marginal utility", I presume it means "marginal utility per dollar"
Although, truth be said, whenever I think of "marginal utility", I presume it means "marginal utility per dollar"
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