Question

To maximize utility, a consumer with a fixed budget will purchase quantities of goods so that the ratios of the marginal utility of each good to its:_______

Answer 1

Answer:

Price are equal

Explanation:

In the case when you want to maximize your utility and a consumer having a fixed type of budget wants to purchase the quantities of the goods so here the ratio of the marginal utility for each goods to its price would be equal

So according to the given situation the price are equal would be considered and relevant too