Multiple Choice
The equilibrium market basket is the one in which the
A) total utilities for each commodity consumed are equal.
B) marginal utility of the last dollar spent on all commodities purchased is the same.
C) marginal utility for each commodity is rising.
D) amount of money allocated to each commodity is proportional to the total utility received from each commodity.
E) price of each good is equal to its marginal utility.
Correct Answer:

Verified
Correct Answer:
Verified
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