Multiple Choice
At the utility maximizing equilibrium for two goods, X and Y, which of the following must be true?
A) The marginal utility per dollar spent on X will exceed the marginal utility per dollar spent on Y.
B) The total expenditure will be the same for each good.
C) The marginal utility per dollar from X equals the marginal utility per dollar from Y.
D) The marginal utility will be the same for each good.
Correct Answer:

Verified
Correct Answer:
Verified
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