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Question 2

For a consumer of two commodities, equilibrium is attained when

  • A.MU1=P1 and MU2 = P2
  • B.MU1/P1 = MU2/P2
  • C.MU1/P2 = MU2/P1
  • D.MU1/P1 × MU2/P2
Objective

Question details

Exam body
ABU
Subject
Economics
Year
2013/2014
Question no.
#2
Type
Objective
Previous · Q1A consumer is said to be rational if Next · Q3 The law of diminishing marginal utility states that

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