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If the marginal utility of the last unit of commodity X at N2 is 16 and that of ...


Question

If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

Options

A)
the price-quantity ratios are equal
B)
equal amounts of X and Y are consumed
C)
less of Y and more of X are consumed
D)
less of X and more of Y are consumed

The correct answer is A.


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