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Commerce · Q837

Economics

Graduate and Post Graduate · Commerce · question 837

Q837

Assertion (A) Total utility will be maximum, when marginal utility to price of respective products are equal. Reason (R) Deviation from this situation leads to reduction in maximum utility.

A.
Both (A) and (R) are true
B.
Both (A) and (R) are false
C.
(A) is true, but (R) is false
Answer
D.
(A) is false, but (R) is true

Answer: Option C

Solution

Answer: Option C
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