menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 9
  4. Exam
    Exam 5: Demand and Consumer Behavior
  5. Question
    In Equilibrium, the Ratio of Marginal Utilities for Any Two
Solved

In Equilibrium, the Ratio of Marginal Utilities for Any Two

Question 3

Question 3

True/False

In equilibrium, the ratio of marginal utilities for any two goods will be the same for all consumers who purchase positive quantities of both goods.

Correct Answer:

verifed

Verified

Related Questions

Q1: If both income and substitution effects are

Q2: Let the price of some good X

Q4: A consumer is said to be in

Q5: Billy is consuming pancakes for breakfast.He gets

Q6: The law of diminishing marginal utility states:<br>A)marginal

Q7: When a buyer experiences consumer surplus, the

Q8: In the figure below, which area represents

Q9: If I get 10 units of total

Q10: The concept of consumer surplus is useful

Q11: If the price of harmful addictive substances

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines