In Consumer Equilibrium,which of the Following Is True

question 79

Multiple Choice

In consumer equilibrium,which of the following is true?

• A) The marginal utility from the consumption of each good is the same.
• B) The marginal utility from the consumption of each good is zero.
• C) The marginal utility from the consumption of the last dollar's worth of each good is the same.
• D) The total utility from the consumption of each good is the same.

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Definitions:

Initiating

The act of beginning or starting something, such as a plan, process, or action.

Priming

A process in psychology by which exposure to a stimulus influences response to a later stimulus.

Impression

The overall perception or judgment formed about something or someone based on various information sources and interactions.

Princesses

Historically or in storybooks, female members of a royal family, especially daughters of a king and queen.