Consumer equilibrium requires that the marginal utility per dollar spent be the same for all goods.

Name: Consumer equilibrium requires that the marginal utility per dollar spent be the same for all goods.
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This is the condition of consumer equilibrium known as the equimarginal principle or the law of equi-marginal utility. It suggests that a consumer will maximize utility by allocating their budget so that the marginal utility per dollar spent on each good is equal.

Consumer Equilibrium Requires That the Marginal Utility Per Dollar Spent