With a given income and prices of goods,Marcus is in consumer equilibrium when
A)he purchases the same amounts of all goods.
B)his marginal utility from all goods is maximized.
C)his marginal utility from all goods is equal.
D)he maximizes total utility.
E)his total utility per dollar is equal for all goods.

Question

Quizplus · Accepted Answer

In consumer equilibrium, Marcus maximizes his total utility given his budget constraint.

With a Given Income and Prices of Goods,Marcus Is in Consumer