English

MUx of X is 50 and MUy of Y is 40. If the price of Y is ₹ 8, then price of X at equilibrium will be __________.

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Question

MUx of X is 50 and MUy of Y is 40. If the price of Y is ₹ 8, then price of X at equilibrium will be __________.

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Solution

MUx of X is 50 and MUy of Y is 40. If the price of Y is ₹ 8, then price of X at equilibrium will be ₹ 10.

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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 6. | Page 2.43
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