Commerce Short Question | Gkseries

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Question

Consumer is said to be in equilibrium, maximizing his total utility, when

A the marginal utilities of the two goods consumed are equal
B the proportions of the marginal utilities and respective prices are equal
C the consumer gets full satisfaction from the consumption
D the consumer feels satisfied with his expenditure on the various goods

Answer & Explanation

Answer:the proportions of the marginal utilities and respective prices are equal

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