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- The budget allocation rule states
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Card 8 / 15: The budget allocation rule states that
A)
the marginal utility of x equals the marginal utility of y at maximum utility
B)
the marginal utility of x divided by its price be equal to marginal utility of all other goods divided by their prices
C)
the marginal utility of x equals the marginal rate of substitution of x for y
D)
the ratio of prices of x to y be greater than the ratio of marginal utility of x to the marginal utility of y.
Answer:
B) the marginal utility of x divided by its price be equal to marginal utility of all other goods divided by their prices
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