If, for a consumer choosing between two goods, the MRS equals the price ratio, then: Select one:

If, for a consumer choosing between two goods, the MRS equals the price ratio, then:

Select one:

a. the marginal utility provided by each good is equal to that good's price, and the consumer is maximizing utility.

b. the marginal utility per dollar is equal for the two goods and the consumer is maximizing utility.

c. the marginal utility per dollar for both goods is equal to 1 and the consumer is maximizing utility.

d. we know nothing about whether the consumer is maximizing utility since prices are measured in dollars, not utility.