Economy, asked by SAQUIB1586, 1 year ago

Give the market price of a good , how does a consumer decide as to how many units of that good to buy

Answers

Answered by abhinav07012004
1

Answer:

Explanation:

In order to decide, how much of a good to buy at a given price, a consumer compares Marginal Utility (MU) of the good with its price (P). The consumer will be at equilibrium, when the Marginal Utility of the good will be equal to the price of the good.

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