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Commerce · Q823

Economics

Graduate and Post Graduate · Commerce · question 823

Q823

The consumer is in equilibrium, maximizing his total utility, when

A.
The marginal utility of the two goods consumed is equal
B.
The proportion of the marginal utility and the respective price is equal
Answer
C.
The consumer gets satisfaction from the consumption
D.
The consumer is satisfied with his expenditure on various goods

Answer: Option B

Solution

Answer: Option B
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