why MUx is equal to Px?
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The consumer will spend his money income in such a way that marginal utility of each good is proportional to its rupee. P equals Price Px Py. If MUx / Px and MUy / Py are not equal and MUx / Px is greater than MUy / Py, then the consumer will substitute good 'x' for good 'y'.
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The consumer will spend his money income in such a way that marginal utility of each good is proportional to its rupee. P equals Price Px Py. If MUx / Px and MUy / Py are not equal and MUx / Px is greater than MUy / Py, then the consumer will substitute good 'x' for good 'y'.30-Nov-2015
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