In consumer equilibrium, a. the marginal utility from consumption is the same across all goods. b. individuals

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In consumer equilibrium,

a. the marginal utility from consumption is the same across all goods.

b. individuals seek the combination of goods that maximizes their satisfaction, given limited income.

c. the ratio of the marginal utility of each good divided by its price is equal across all goods consumed.

d. both (b) and (c) are true.

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