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.
Answer» C. the marginal utility per last dollar spent is the same for all goods consumed.
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