Question

The Law of Equi-Marginal Utility, also known as the Law of Substitution, explains how a rational consumer allocates a limited income across multiple commodities. According to this law, a consumer reaches equilibrium when which condition is satisfied?

A Total utility from every commodity is exactly equal
B The marginal utility of the last unit of money spent is equal across all commodities
C The price of every commodity purchased is identical
D The consumer spends an equal amount of money on each commodity
E The marginal utility of every commodity is increasing simultaneously
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