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प्रश्न
When is the consumer in equilibrium?
पर्याय
MUx = Px
MUx = 0
Px = 1
MUx ≠ Px AE
MCQ
उत्तर
MUx = Px
Explanation:
A customer is said to be in equilibrium when he optimizes his happiness given his income and commodity prices. This means that the marginal utility of the good equals the price of the product.
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Cardinal Approach (Utility Analysis)
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