A utility maximizing household will allocate its expendit...
A utility maximizing household will allocate its expenditure so that
More naira is spent on commodities with the highest utility
Less naira is spent on commodities with the lowest utility
The utility of the last naira spent on each commodity is equal
The amount spent on each commodity is equal
Correct answer is C
No explanation has been provided for this answer.
A disadvantage of the mean as measure of central tendency is that? ...
Which of the following is the most important reason why wages differ among occupations? ...
A major function of the retailer is to ...
International trade is necessary because ...
Which of the following is a form of business enterprise? ...