📊 MicroEconomics, Theory and Applications 1
Q. If a rational consumer is in equilibrium, then:
  • (A) the marginal utility obtained from one product is equal to the marginal utility obtained from any other product.
  • (B) a reallocation of income would increase the consumer’s total utility.
  • (C) the marginal utility per last dollar spent is the same for all goods consumed.
  • (D) total utility becomes zero.
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✅ Correct Answer: (C) the marginal utility per last dollar spent is the same for all goods consumed.

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