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.

---

Definitions:

Restitution

The act of restoring or returning something to its rightful owner or compensating for loss, damage, or injury caused.

Architect's Breach

A violation or failure by an architect to fulfill contractual duties or meet professional standards, resulting in harm or loss.

Immediately Hire

The urgent employment of an individual or personnel without typical delays.

Confidential Information

Any information that is not publicly disclosed and is protected due to its sensitive nature or potential value.