Which of the following shows the condition for consumer-08941
Which of the following shows the condition for consumer's equilibrium?
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.19.
Which of the following shows the condition for consumer's equilibrium?
Marginal utility per dollar spent on each good being equalized across all goods.
The ratio of (marginal utility per unit of the good)/ (price per unit of the good) being equalized across all goods.
The ratio of marginal utilities being equated to the ratio of prices for all possible pairs of goods.
All of the given options.
