Economy, asked by ms270611, 6 months ago

If the ratio of MU and Price of commodity-X is more than the ratio of MU and Price of commodity-Y, then the consumer
Option 1*
Would stop purchasing any commodity.
Option 2*
Would purchase both the commodities in equal quantities.
Option 3*
Would purchase more of X and less of Y.
Option 4*
Would purchase more of Y and less of X.​

Answers

Answered by renumalik
0

Answer:

more of x & less of y

due to law of dimnishing marginal utility.

MUx will fall till MUx = MUy

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