Question

if total utility derived from a good is high while the price of the good is low, it is likely that the good is useful and is plentiful. is not very useful. is rare. has high marginal utility. question 6 1 pts a consumer maximizes total utility from a given amount of income when the: marginal utility obtained from the last dollar spent on each good is the same. marginal utility of the last unit of each good is the same. total utility obtained from each product is the same. amount spent for each product is the same.

Explanation:

For the first question, when total utility is high and price is low, the good is likely useful and plentiful as abundance can drive down price while usefulness increases utility. For the second question, the consumer - equilibrium condition in utility - maximization is that the marginal utility per dollar spent on each good is equal.

Answer:

First question: is useful and is plentiful.
Second question: Marginal utility obtained from the last dollar spent on each good is the same.