Question 4

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-equulibruim
  • C.utility maximization equation
  • D.equation for total utility
  • E.equation for price elasticity
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1996
Question no.
#4
Type
Objective

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