If the marginal utility of the last unit of commodity X a...
If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when
The price-quantity ratios are equal
Equal amounts of X and Y are consumed
Less of Y and more of X are consumed
Less of X and more of Y are consumed
Correct answer is A
No explanation has been provided for this answer.
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