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The Consumer Is in Equilibrium When

Question 80

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. / 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. = 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. / 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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