Economy, asked by sanjanachouhan71, 6 hours ago

44. Define equi-marginal utility. What a rational consumer will do when MUx/Px > MUy/Py?

Answers

Answered by asthajaipuriaschool

0

Answer:

The Law of Equi-Marginal Utility states that the consumer will distribute his money income in such a way that the utility derived from the last rupee spent on each good is equal. ... The consumer will continue substituting good 'x' for good 'y' till MUx/Px = MUy/Py where the consumer will be in equilibrium.

Previous Question

Next Question

Similar questions

English, 3 hours ago

Identify the relationship between the first set of words. Then fill in the blank with a set of words that have the same relationship. 1. Eat is to ate as 2. Frog is to amphibian 3. Nose is to hear as 4. Backward is to forward as 5. Oval is to circle as 6. Page is to book as 7. Shark is to fin as 8. Sparkle is to glitter 9. Grandfather is to old 10. Car is to gasoline as...

Hindi, 3 hours ago

What is the difference between weather and climate?.

World Languages, 3 hours ago

You recently participated in the Independence Day celebration which was telecast over the national channel. Describe your experience and feelings in words through a diary entry in about 100 words.

English, 6 hours ago

Why did Jumman say that Algu had been punished for treachery?

Physics, 6 hours ago

As our population increases, we need more water for drinking, washing and other purposes. Does that affect the water table? Explain.

India Languages, 8 months ago

- യാത്രാ വിവരണം തയാറാക്കുക നിങ്ങൾ കണ്ട ഏതെങ്കിലും ഒരു സ്ഥലത്തെ കുറിച്ച് വിവരിക്കുക ( 3 paragraph)...

Math, 8 months ago

With the help of number line add the following:- 1. (-3) + (-5) 2. (+ 5) + (– 3)...

History, 8 months ago

How did domestication led to the increase of trade?