In order for an individual to achieve consumer equilibrium through the consumption of two goods, A and B, that individual must fulfill the condition A)TU_A = TU_B. B)TU_A/P_A = TU_B/P_B. C)MU_A = MU_B. D)MU_A/P_A = MU_B/P_B. E)MU_B/P_A = MU_A/P_B.

Question

Quizplus · Accepted Answer

Consumer equilibrium is achieved when the ratio of the marginal utility to the price of one good is equal to the ratio of the marginal utility to the price of another good, which is accurately represented in choice D.

In Order for an Individual to Achieve Consumer Equilibrium Through