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Question 19

A consumer maximizes his utility in consuming a good 'X' when

  • A.Mux = Px
  • B.Px > Mux
  • C.price is falling
  • D.Mux > Px
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2009
Question no.
#19
Type
Objective
Previous · Q18Government fixing of prices below the equilibrium point is aimed at protecting… Next · Q20 The relationship between Marginal Product (MP) and Average Product (AP) is such…

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