Any Two Goods Are Said to Be Efficiently Distributed Among

question 87

Multiple Choice

Any two goods are said to be efficiently distributed among the consumers if:

• A)the ratio of the marginal utilities derived by each consumer from a certain amount of the two goods is equal to the ratio of their prices.
• B)the real income of the consumers are equal.
• C)every consumer consumes the same amount of the two goods.
• D)the marginal rate of substitution between any two goods is equal across consumers.

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Definitions:

Debtor

A debtor is an individual or entity that owes money to another party, often a creditor, as a result of borrowing funds or failing to pay for goods or services.

Creditor

An entity or individual to whom money is owed by a debtor for goods sold, services rendered, or money loaned.

Bankruptcy Relief

Legal measures available under bankruptcy law that allow individuals or entities to discharge or reorganize their debt.

Federal Law

Laws created by the national government which apply throughout the country and override state laws where conflicts occur.