Q
Which of the following is not true regarding the outcome of a consumer’s optimization process ?
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A
A. the marginal utility per dollar spent on each good is the same
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B
B. the marginal rate of substitution between goods is equal to the ratio of the prices between goods
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C
C. the consumer’s indifference curve is tangent to his budget constraint
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D
D. the consumer has reached his highest indifference curve subject to his budget constraint
