Economy, asked by rishiraj8355, 9 months ago

Why does a consumer stop cousunsption of in case where marginal utility is less then the prise of a good.

Answers

Answered by somdip95
2

Answer:

becase in that case marginal utility of money is greater than marginal utility for the consumption of that good.

Answered by queensp73
3

Answer:

This is very simple utility means that how much you are satisfied with the goods you consume and marginal utility means that how much you are satisfied with the every extra unit that you consume so, when your marginal utility becomes less than the price then the consumer don't want to spend money on it.

Hope it helps u !

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