Multiple Choice
Consumer equilibrium exists when an individual
A) can be made better off by buying more of a normal good and less of an inferior good.
B) is receiving the same total utility from each of the goods he or she purchases.
C) is receiving the same marginal utility from each of the goods he or she purchases.
D) has the same MU/P ratio for each of the goods he or she purchases.
E) none of the above
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Exhibit 20-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 20-4
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