Multiple Choice
When Kathryn is at her consumer equilibrium, she is
A) consuming the combination of goods that is at the midpoint of her budget line.
B) consuming a combination of goods that is located inside her budget line.
C) consuming a combination of goods that is located outside her budget line.
D) consuming a combination such that the marginal utility from good X divided by the marginal utility from good Y equals the price of good X divided by the price of good Y.
E) on the midpoint of her demand curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Ben spends $50 a year on 2
Q3: The fact that your fourth slice of
Q14: Samir consumes apples and bananas and is
Q53: The paradox of value asks why<br>A)bad things
Q70: As a consumer's income decreases,marginal utility theory
Q72: Use the table below to answer the
Q75: With a given income and prices of
Q75: The relative price of beer to bacon
Q78: Ron starts out in consumer equilibrium, consuming
Q79: The first can of Sprite Jack drinks