Economy, asked by kumarisanya13, 2 months ago

Given the price of a good, how does a consumer
decide how much of the Commodity to
buy?

Answers

Answered by smily202031

1

Answer:

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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