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If All Consumers in an Economy Have Maximized Their Utility,and

Question 54

Multiple Choice

If all consumers in an economy have maximized their utility,and they face a given set of market prices,then each consumer will have identical


A) total utilities for each good.
B) marginal utilities for each good.
C) marginal utilities per unit of each good.
D) ratios of marginal utility to price for each good.
E) consumption of each good.

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