With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the?
-
A.
total utility derived from each goods and services is increasing at an increasing rate -
B.
marginal utility derived from each good or service is increasing at the same rate -
C.
marginal utility derived per naira spent is the same for all the goods and services -
D.
total utility derived from all the goods and services is large