Economy, asked by manpreet0303, 10 months ago

what will be a rational consumer do if mu is greater than p

Answers

Answered by Anonymous

Answer:

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Explanation:

A rational consumer will purchase a commodity up to the point where price of the commodity is equal to the marginal utility obtained from the thing. ... On the other hand, if MU is greater than the price paid, the consumer will enjoy surplus satisfaction from the units he has already consumed.

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