If the marginal utility of the last unit of com... - JAMB Economics 2005 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
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
correct option: a
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