With a given income and prices of goods, Marcus will be in a consumer equilibrium if ________
A) his marginal utility from all goods is the same
B) he purchases the same amounts of all goods
C) he maximizes his total utility
D) his marginal utility from all goods is at its maximum
C
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When income levels in the home nation increase, what is the effect on the home TB?
a. It decreases because of expenditure switching. b. It decreases because of an increase in imports. c. It increases because of an increase in exports. d. It increases because of expenditure switching.
Thomas Jefferson strongly influenced the passing of the Land Ordinances of 1785 and 1787
A close study of those ordinances suggests that Jefferson believed in the importance of securing the private rights of individuals to buy, sell and derive income from their land. Indicate whether the statement is true or false