7. A consumer with a given income will maximize their utility when:
O A. The marginal utility derived from each commodity is equal
B. The marginal utilities derived from each commodity consumed are proportional to
their prices
O C. The marginal utility derived from each product consumed is zero
O D. The total utility derived from each commodity consumed is equal
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Answer:
A
Explanation:
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B )- when mu is equal to pu then satisfaction is at utmost
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