Multiple Choice
Using the utility approach,the consumer is in equilibrium when:
A) the marginal utility associated with consuming the last unit is zero.
B) total utility from each good is at a maximum.
C) the marginal utilities associated with consuming an extra unit of each good are equal.
D) the marginal utility per dollar's worth of each good is equal.
Correct Answer:

Verified
Correct Answer:
Verified
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