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  9. Q15
Question 15

for two commodities A and B, MA and MB are the respective marginal utilities while PA and PB are the respective prices. Marginal utilities of the commodities are maximized when

  • A.MA/PA = MB/PB
  • B.MA/PA > MB/PB
  • C.MA/PA < MB/PB
  • D.PA/MA < PB/MB
  • E.PA/MA > PB/MB
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
1997
Question no.
#15
Type
Objective
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