A consumer purchasing a commodity X will maximize his satisfaction if
ECONOMICS
WAEC 2011
A consumer purchasing a commodity X will maximize his satisfaction if
- A. Px = MUx
- B. Px ? MUx
- C. Px > MUx
- D. Px< MUx
Correct Answer: A. Px = MUx
Explanation
Utility is maximized When price is equal to marginal utility.
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