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

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

How can we maximize utility?

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 https://brainly.com/question/16927502.

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