If two goods have same marginal utility for a consumer then:

A. He will consume only one of them

B. He will consume equal quantities of them

C. He will be willing to pay the same price for each of them

D. The total utility gained from each of them is equal

Please do not use chat terms. Example: avoid using "grt" instead of "great".

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  1. The slutsky demand curve includes:
  2. J.R.Hicks was:
  3. Marginal utility equals:
  4. The income consumption curve (ICC) is the locus of points of consumer equilibrium resulting:
  5. A firm enjoys maximum control over the price of its product under:
  6. Price effect occurs on the higher IC in case of:
  7. The slope of isocost line (budget line) shows:
  8. In an indifference curve diagram, when the price of a product increases, the decline in quantity demanded…
  9. In the theory of firm, Chamberline presented the idea of:
  10. Who is the author of Problems of Capital Formation in Underdeveloped Countries?
  11. In Edgeworth model, if price falls below competitive price, the demand is:
  12. In the long run:
  13. For the equilibrium of the firm and the industry in the short period in a competitive market, the condition…
  14. Total variable cost curve:
  15. The central problem of economics is:
  16. The alternative of profit maximization theory is:
  17. The elliptical isoquant represents the:
  18. Income effect operates through an increase
  19. Which of the following formulae explain the term average revenue?
  20. When price increases and with it the total outlay on a commodity also increases, it is a case of:
  21. The advantage of using indifference curves rather than marginal utilities is:
  22. If cross-elasticity of one commodity for another turns out to be zero, it means they are:
  23. The demand of the necessities is:
  24. If a commodity sold under monopoly is got free of cost, then MC will be:
  25. The marginal revenues are derivatives of:
  26. The long-run average cost is based on the fact that:
  27. In the long-run competitive equilibrium, the theory predicts that:
  28. Demand is consumers:
  29. In monopolistic competition, the real differentiation in products is due to difference in:
  30. In the case of a normal goods, the income effect: