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प्रश्न
State whether true or false:
A consumer buys a combination of two goods: X and Y with marginal utilities equal to 30 utils and 35 utils respectively. Price of X is ₹ 6 per unit. The consumer will be in equilibrium only when price of Y is ₹ 7 per unit.
चूक किंवा बरोबर
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उत्तर
This statement is true.
Explanation:
A consumer is in equilibrium when:
\[ \frac{MU_X}{P_X}=\frac{MU_Y}{P_Y} \]
Substituting the given values:
\[ \frac{30}{6}=\frac{35}{P_Y} \]
\[ P_Y=\frac{35\times6}{30}=\text{₹}7 \]
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