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The Consumer Is in Equilibrium When

Question 20

Multiple Choice

The consumer is in equilibrium when


A) MRT = MRS.
B) The consumer is in equilibrium when A) MRT = MRS. B) C) the budget line is tangent to the indifference curve at the bundle chosen. D) All of the above.
C) the budget line is tangent to the indifference curve at the bundle chosen.
D) All of the above.

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