Question

If marginal utility from good X is 40 and marginal utility from good Y is 30 and the price of good Y is 9, then the price of good X at equilibrium will be: a) 9 b) 30 c)15 d)12​

Answer 1

Answer:

diminishing marginal utility of money (d) consumer's equilibrium ... A consumer will start buying less of good-X and more of Good-Y,

Explanation:

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