A consumer of a single commodity is in equilibrium when
ECONOMICS
WAEC 2022
A consumer of a single commodity is in equilibrium when
- A. his marginal utility is equal to zero
- B. he can equate his demand with price
- C. he equates marginal utility and price
- D. he can equate his marginal and total utilities
Correct Answer: C. he equates marginal utility and price
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