Consumer Equilibrium Exists When an Individual

question 70

Multiple Choice

Consumer equilibrium exists when an individual

• A)can be made better off by buying more of a normal good and less of an inferior good.
• B)is receiving the same total utility from each of the goods he or she purchases.
• C)is receiving the same marginal utility from each of the goods he or she purchases.
• D)has the same MU\P ratio for each of the goods he or she purchases.

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Definitions:

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