Consumers will be in equilibrium with respect to the consumption of two goods if Custom Essay

Consumers will be in equilibrium with respect to the consumption of two goods if:
a. the ratio of marginal utility to price is equal for both goods.
b. the marginal utility of the lowest price good is greater than the marginal utility of the highest price good.
c. the ratio of the marginal utility of A to the marginal utility of B is equal to the ratio of the price of B to the price of A.
d. the marginal utility of both goods is identical, regardless of the price.