In consumer equilibrium, which of the following is true? The marginal utility fr
ID: 1162567 • Letter: I
Question
In consumer equilibrium, which of the following is true?
The marginal utility from the consumption of each good is the same.
The marginal utility from the consumption of the last dollar's worth of each good is the same.
The marginal utility from the consumption of each good is zero.
The total utility from the consumption of each good is the same.
a.The marginal utility from the consumption of each good is the same.
b.The marginal utility from the consumption of the last dollar's worth of each good is the same.
c.The marginal utility from the consumption of each good is zero.
d.The total utility from the consumption of each good is the same.
Explanation / Answer
In consumer equilibrium, which of the following is true?
Answer
b.
The marginal utility from the consumption of the last dollar's worth of each good is the same.
b.
The marginal utility from the consumption of the last dollar's worth of each good is the same.
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