Multiple Choice
If a rational consumer is in equilibrium, which of the following conditions will hold true?
A) MU a = MU b = MU c = . . . = MU n.
B) The marginal utility of each good purchased will be zero.
C) The marginal utility of the last dollar spent on each good purchased will be the same.
D) The total utility obtained from each good purchased will be the same.
Correct Answer:
Verified
Correct Answer:
Verified
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