Ricky is in a consumer equilibrium. Given the prices of goods, Ricky has allocated all his income such that his marginal utility per dollar spent is ________ for ________ goods.
A) as small as possible; all
B) equal; all
C) equal; normal
D) maximized; all

Question

Quizplus · Accepted Answer

When a consumer is in equilibrium, the marginal utility per dollar spent is equal for all goods.

Ricky Is in a Consumer Equilibrium