When a consumer spends all of his or her income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the

Name: When a consumer spends all of his or her income and consumes a bundle of goods such that the marginal utility per dollar from all goods is equal, then the
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When the marginal utility per dollar is equal for all goods, the consumer is maximizing total utility and is in consumption equilibrium.

When a Consumer Spends All of His or Her Income