Multiple Choice
With a given income and prices of goods,Marcus is in consumer equilibrium when
A) he purchases the same amounts of all goods.
B) his marginal utility from all goods is maximized.
C) his marginal utility from all goods is equal.
D) he maximizes total utility.
E) his total utility per dollar is equal for all goods.
Correct Answer:
Verified
Correct Answer:
Verified
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