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A consumer is in equilibrium when marginal utilities are

Principles of Economics, 7th Edition (MindTap Course List)

7th Edition

ISBN:9781285165875

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter21: The Theory Of Consumer Choice

Section: Chapter Questions

Problem 13PA

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Equilibrium Price and Quantity

Equilibrium refers to a state of balance that comes about because there is equality in all forces.

Question

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31. A consumer is in equilibrium when
marginal utilities are
A. O Minimum
В. О Highest
С. О Еqual
D. O Increasing

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