Assume that a consumer purchases products A, B, and C in quantities such that the last dollar spent on each yields the same marginal utility and the consumer's income is totally spent. We can conclude that:
A) total utility is being minimized.
C) marginal utility exceeds total utility.
B) production costs are being minimized.
D) total utility is being maximized.
Ans: D) total utility is being maximized.
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