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What is the process for finding consumer equilibrium from a table of total utilities and the prices of two goods? Question 25Answer a. For each
What is the process for finding consumer equilibrium from a table of total utilities and the prices of two goods? Question 25Answer a. For each unit of consumption, pick the good that offers the higher marginal utility. Repeat this process until your budget is exhausted. b. For each unit of consumption, pick the good that offers the higher marginal utility per dollar spent. Repeat this process until your budget is exhausted. c. For each unit of consumption, pick the good that offers the higher total utility. Repeat this process until your budget is exhausted. d. For each unit of consumption, pick the good that offers the higher consumer surplus. Repeat this process until your budget is exhausted
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