Economy, asked by suhail6071, 8 months ago

given the price of a good how will a consumer decide to has to much quantity of that

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Answered by vyshnavi74

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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