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The general rule for welfare maximization suggests that in personal equilibrium: A) the ratio of total benefits to price should be identical across all goods.
The general rule for welfare maximization suggests that in personal equilibrium:
A) the ratio of total benefits to price should be identical across all goods.
B) the ratio of total benefits to income should be identical across all goods.
C) the ratio of marginal benefits to price should be identical across all goods.
D) the ratio of marginal benefits to income should be identical across all goods.
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