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Allisa [31]
2 years ago
11

In order to maximize total utility for a selection of products, each time we should select the product with a MU/P ratio that is

Business
1 answer:
arlik [135]2 years ago
3 0

In order to maximize the total utility we get from a product, we should select products that have a MU/P ratio that is <u>higher</u>.

<h3>How can we maximize utility?</h3>

Utility can be maximized when we pick products that give us a higher utility per price.

The MU/P ratio shows the marginal utility we get from an item per the amount we spend on it. We should therefore pick products that have a higher ratio.

Find out more on the MU/P ratio at brainly.com/question/16927502.

#SPJ1

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