In Order to Reach Consumer Equilibrium, Which of the Following

question 62

Multiple Choice

In order to reach consumer equilibrium, which of the following consumption choices must be made?

• A) The total utility per dollar spent on Good X must equal the total utility per dollar spent on Good Y.
• B) The total utility of Good X must equal the total utility of Good Y.
• C) The marginal utility of Good X must equal the marginal utility of Good Y.
• D) The marginal utility per dollar spent on Good X must equal the marginal utility per dollar spent on Good Y.

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