The marginal utility schedule for goods A and B are given. Price of both the goods is Rs. 1 each, the income of the Babu is assumed to be Rs. 5. Determine how many units of both the commodity should be purchased by Babu to maximize his total utility and also calculate total utility obtained from both goods.
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1. Total utility is maximum when. (a) Marginal utility is zero. (b) Marginal ... If both the products X & Y are normal goods ... (d) Both income price line and indifference curve are parallel. 16.
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