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Given Two Goods,X and Y,their Prices,PX and PY,a Consumer Is

Question 21

Multiple Choice

Given two goods,X and Y,their prices,PX and PY,a consumer is in equilibrium when the last dollar spent on X yields


A) zero marginal utility for Y.
B) the same marginal utility as if all the money were spent on Y.
C) a smaller marginal utility than the last dollar spent on Y.
D) the same marginal utility as the last dollar spent on Y.
E) none of the above

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