True/False
In equilibrium for the consumer, the marginal utility of good A must equal the marginal utility of good B.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q25: The price of good X falls.The income-effect
Q26: A condition for consumer equilibrium is that
Q27: The rise in the price of butter
Q28: The gap between total utility and total
Q29: As you increase the consumption of X,
Q31: The maximum-satisfaction rule for spending consumer income
Q32: In an economically efficient society, pure water
Q33: Suppose Mary is currently spending all her
Q34: Diamonds cost more than water, so diamonds
Q35: To be in equilibrium (i.e., to maximize