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If a consumer consumes only one commodity 'X' he will be in equilibrium when ______. - Economics

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Question

If a consumer consumes only one commodity 'X' he will be in equilibrium when ______.

Options

  • MUx > Px

  • MUx = Px

  • MUx < Px

  • None of these

MCQ
Fill in the Blanks

Solution

If a consumer consumes only one commodity 'X' he will be in equilibrium when MUx = Px.

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Chapter 3: Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis - TEST YOURSELF QUESTIONS [Page 48]

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Frank Economics [English] Class 12 ISC
Chapter 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 5. | Page 48
Frank Economics [English] Class 12 ISC
Chapter 3 Theory of Consumer Behaviour: Marginal Utility and Indifference Curve Analysis
TEST YOURSELF QUESTIONS | Q 6. | Page 48
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