MUX = PX ( where X and Y = good X and Good Y; MU
ECONOMICS
WAEC 1996
MUX = PX ( where X and Y = good X and Good Y; MU = Marginal Utility;P= Price)MUY = PY. The above represents the
- A. marginal utility equation
- B. equation for consumer dis-equlibruim
- C. utility maximization equation
- D. equation for total utility
Correct Answer: C. utility maximization equation
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