Question

The consumer is in equilibrium when Marginal Utility from a Commodity equals ______.

विकल्प

• Demand for that Commodity

• Supply of that Commodity

• Price of the Commodity

• All of these

Answer 1

The consumer is in equilibrium when Marginal Utility from a Commodity equals Price of the Commodity.

Explanation:

In the single-commodity cardinal utility approach, equilibrium occurs when marginal utility in money equals price. Demand and supply are not the equality condition here.