Economics WAEC

To achieve an equilibrium position, the consumer must buy so much of each commodity whose price is equal to its?

A. marginal utility
B. total utility
C. average utility
D. variable utility

Correct Answer: Option A

A. marginal utility

AddThis Website Tools
Sunday

Share
Published by
Sunday
Tags: economics
5 years ago

Recent Posts

ACC 311 Theory Questions: Regulatory Framework of Accounting and Key Accounting BodiesACC 311 Theory Questions: Regulatory Framework of Accounting and Key Accounting Bodies

ACC 311 Theory Questions: Regulatory Framework of Accounting and Key Accounting Bodies

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

5 hours ago
ACC 311 Theory Questions: Comprehensive Notes on Accounting Policies and Fundamental ConceptsACC 311 Theory Questions: Comprehensive Notes on Accounting Policies and Fundamental Concepts

ACC 311 Theory Questions: Comprehensive Notes on Accounting Policies and Fundamental Concepts

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

5 hours ago
ACC 301 Theory Question: Comprehensive Response to IAS 16 and Event Classification QuestionsACC 301 Theory Question: Comprehensive Response to IAS 16 and Event Classification Questions

ACC 301 Theory Question: Comprehensive Response to IAS 16 and Event Classification Questions

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

5 hours ago

ACC 301 Theory Question: Responsibilities Of International Accounting Standard Board (IASB) – Purpose of The Conceptual Framework

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

6 hours ago

ACC 301 Theory Question: Fundamental Accounting Concept As Broad Assumption – General Accepted Accounting Principles

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

6 hours ago

ACC 301 Theory Question: Purpose Of Financial Reporting – Circumstances Leading To Going Concern Problems Of An Entity

300 Level Department of Accountancy exam questions and detailed answers. Download the answers in document format.…

7 hours ago