In Consumer Equilibrium

question 30

Multiple Choice

In consumer equilibrium,

• A)total utility is maximized given the consumer's income and the prices of goods.
• B)marginal utility is maximized given the consumer's income and the prices of goods.
• C)marginal utility per dollar is maximized given the consumer's income and the prices of goods.
• D)the marginal utility from each good is equal.
• E)marginal utility per dollar is zero.

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