Advertisements
Advertisements
Question
Choose the correct option:
Statement indicating consumer equilibrium:
a) MU is greater than price
b) MU is equal to price
c) MU is less than price
d) Price is less than one
Options
a and b
a, b, c and d
a, b and c
only b
MCQ
Solution
only b
shaalaa.com
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
MU of the commodity becomes negative when TU of a commodity is ______.
Unit at which MU (Marginal Utility) becomes equal with market price is ______.
Study the following table, figure, passage and answer the question given below it.
| Units | MU OF X | MU in terms of money 1 unit = RS.10 | Market price per unit = RS.50 | Comparison between MU and Price |
| 1 | 10 | 100 | 50 | MU > PRICE |
| 2 |
____ |
80 | 50 | MU > PRICE |
| 3 | 7 | _____ | 50 | MU > PRICE |
| 4 | 5 | 50 | 50 | _____ |
| 5 | 3 | 30 | 50 | MU < PRICE |
| 6 | 1 | 10 | 50 | _____ |
- Complete the table (2m)
- Identify any two Intra Marginal Units (1m)
- Identify any two Extra Marginal Units (1m)
Complete the correlation:
Intra marginal unit : MU > Price : : ______ : MU < Price.
