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Assuming Only Two Goods X and Y, If MUX/PX =

Question 64

Multiple Choice

Assuming only two goods X and Y, if MUX/PX = MUY/PY, then


A) the consumer is in equilibrium.
B) the consumer cannot be made better off by redirecting his purchases.
C) the consumer is deriving the same marginal utility per dollar spent on both goods.
D) a and c
E) a, b and c

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