A. MUX = MUA
B. MUX = PX
C. PX = X
D. PX = PY
Correct Answer:
Option B – MUX = PX
Explanation
A consumer utility is maximized when the marginal utility per amount spent on a product is equal to the price.
A. MUX = MUA
B. MUX = PX
C. PX = X
D. PX = PY
Correct Answer:
Option B – MUX = PX
Explanation
A consumer utility is maximized when the marginal utility per amount spent on a product is equal to the price.
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