Question: Consumer equilibrium exists when an individual can be made better off by buying more of a normal good and less of an inferior good. is

Consumer equilibrium exists when an individual

can be made better off by buying more of a normal good and less of an inferior good.

is receiving the same total utility from each of the goods he or she purchases.

is receiving the same marginal utility from each of the goods he or she purchases.

has the same MU/P ratio for each of the goods he or she purchases.

none of the above

 

 

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