The MU/P Equalization Principle Means Consumers Will Spend Their Income

Multiple Choice

The MU/P equalization principle means consumers will spend their income (budget) so that the MU/P ratio of the goods consumed is

A) zero for each good
B) higher for goods the consumer wants the most (highest marginal utility)
C) maximized for the goods the consumer wants the most (highest marginal utility)
D) higher than TU/P
E) the same for each good