In a situation where Mux represent the marginal utility o...
In a situation where Mux represent the marginal utility of product X while Px represent the price respectively. Utility can be maximized when
MUX = MUA
MUX = PX
PX = X
PX = PY
Correct answer is B
A consumer utility is maximized when the marginal utility per amount spent on a product is equal to the price.
The graph of the function X = a + bY is ...
The rate at which a country's export is exchanged for her imports is ...
The study of economics is necessary mainly because of ...
A good indicator of economic development is an increase in ...
All the following are factors that would bring about a change in supply except ...