Multiple Choice
The MU/P equalization principle means consumers will exhaust their expenditure budget so that, in the end, the MU/P ratio is:
A) zero for each good.
B) higher for goods the consumer wants the most.
C) maximized for the goods the consumer wants the most.
D) higher than TU/P.
E) the same for each good.
Correct Answer:
Verified
Correct Answer:
Verified
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