A consumer consuming a single commodity attains equilibrium when: MCQ with Answer and Explanation

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A consumer consuming a single commodity attains equilibrium when:

A. MU of the commodity is zero

B. MUx divided by Px equals marginal utility of money

C. TU is rising

D. Px is greater than MUx

Answer: Option B

Solution (By JKSSB Mock Tests)

For one commodity, consumer equilibrium occurs when MUx/Px equals the marginal utility of money.

This question belongs to: Economy GK Economy Set 1

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Correct Answer: Option C

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This question belongs to: Economy GK Economy Set 1

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