Multiple Choice
In order to reach consumer equilibrium, how must a consumer allocate their income?
A) in such a way that the total utility per dollars worth of any good is the same for every good
B) in such a way that the marginal utility per dollars worth of any good is the same for every good
C) in such a way that the total utility per dollars worth of any good is higher for necessities
D) in such a way that the marginal utility per dollars worth of any good is higher for necessities
Correct Answer:
Verified
Correct Answer:
Verified
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