Multiple Choice
Assuming only two goods X and Y, if MUX\PX = MUY\PY, then the consumer
A) is not in equilibrium.
B) cannot be made better off by redirecting his purchases.
C) is deriving the same marginal utility on both goods.
D) has no incentive to consume either good X or good Y.
Correct Answer:
Verified
Correct Answer:
Verified
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