Let MU_a and MU_b Stand for the Marginal Utilities of Apples

question 203

Multiple Choice

Let MU_a and MU_b stand for the marginal utilities of apples and bagels. Let P_a and P_b stand for their prices. The general necessary condition for consumer equilibrium is

• A) MU_a = MU_b.
• B) MU_a = MU_b and P_a = P_b.
• C) MU_a/P_a = MU_b/P_b.
• D) MU_a/MU_b = P_b/P_a.

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