MU of Good X is 10 and MU of Good Y is 1

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Target Exam

CUET

Subject

Economics

Chapter

Micro Economics: Theory of Consumer behaviour

Question:

MU of Good X is 10 and MU of Good Y is 15. If the price of Good Y is Rs.3, then what will be the Price of Good X at equilibrium?

Options:

Correct Answer:

Explanation:

The equilibrium condition of 2 case commodity is: \(\frac{ Mux}{Px }\) = \(\frac{Muy }{ Py}\)