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The Optimal Consumption Rule for All Goods Requires

Question 1

Multiple Choice

The optimal consumption rule for all goods requires:


A) the marginal utility of all goods consumed divided by the price to be equal to the budget constraint.
B) the marginal utility of all goods consumed to exceed the total utility of all goods.
C) the marginal utility of all goods consumed divided by the respective price to be equal.
D) the prices of all goods to be equal.

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