A consumer attains equilibrium , in case of one commodity , when : a. MUx = Px b. Mux > Px c. MUX < Px d. Mux = 0
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Option A is correct.
A consumer attains equilibrium when the marginal or additional utility is equal to the price of the commodity. In simple words, the consumer will be in equilibrium or deriving maximum satisfaction in respect of the quantity of the commodity X where marginal utility of commodity X is equal to its price. Here the satisfaction of the consumer is maximum.
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