English

In case of single commodity, consumer is in equilibrium when marginal utility from a commodity equals __________ of the commodity.

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Question

In case of single commodity, consumer is in equilibrium when marginal utility from a commodity equals __________ of the commodity.

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Solution

In case of single commodity, consumer is in equilibrium when marginal utility from a commodity equals price of the commodity.

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Chapter 2: Consumer's Equilibrium - OBJECTIVE QUESTIONS [Page 2.43]

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Sandeep Garg Introductory Microeconomics [English] Class 11
Chapter 2 Consumer's Equilibrium
OBJECTIVE QUESTIONS | Q 14. | Page 2.43
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