πŸ“Š MicroEconomics, Theory and Applications 1
Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility of product X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is:
  • (A) rs.1 per unit.
  • (B) rs.2 per unit.
  • (C) rs.3 per unit.
  • (D) rs.4 per unit.
πŸ’¬ Discuss
βœ… Correct Answer: (B) rs.2 per unit.

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