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When a consumer consumes two commodities X and Y, then he will be in equilibrium when: - Economics

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Question

When a consumer consumes two commodities X and Y, then he will be in equilibrium when:

Options

  • MUx = Px

  • `(MU_x)/(P_x)=P_y/(MU_y)`

  • `(MU_x)/(P_x)=(MU_y)/P_y`

  • None of these

MCQ

Solution

`bb((MU_x)/(P_x)=(MU_y)/P_y)`

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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 7. | Page 48
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