How should a consumer distribute their income among various goods and services to maximize total satisfaction?

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Allocate spending so the marginal utility per dollar is equal across all itemsSpend more on goods with the highest total utility regardless of costDistribute income equally among all goods and servicesFocus expenditure on goods with increasing marginal utilitySpend randomly without considering utility

Explanation

To maximize overall satisfaction, a consumer should allocate their budget so that the marginal utility derived from the last dollar spent on each good or service is the same. This ensures efficient use of income and is a fundamental principle in consumer choice theory.