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The Equilibrium Condition for the Consumer Is That

Question 31

Multiple Choice

The equilibrium condition for the consumer is that:


A) along a budget line, the indifference curve be tangent to the budget line.
B) expenditure on each good be equal.
C) the marginal utility of each good be equal to its price.
D) marginal utilities be equal for all goods.
E) none of the above.

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