Consumer equilibrium exists when:
a. the marginal utility of each good and service consumed is equal.
b. the total utility of each good and service consumed is equal.
c. the marginal utility of each good and service consumed equals its price.
d. ratio of marginal utility to price for all goods and services is equal.
d
Economics
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Which of the following are the most likely short-run effects of an increase in government expenditures?
A) Increase/Increase/Increase B) Increase/Increase/Decrease C) Decrease/Increase/Increase D) Decrease/Decrease/Increase E) No change/Decrease/Increase
Economics
In economics, a difference in access to relevant knowledge is called a behavioral asymmetry
a. True b. False Indicate whether the statement is true or false
Economics