Commerce Short Question | Gkseries

Home
General Knowledge
consumer-is-said-to-be-in-equilibrium-maximizing-his-total-utility-when

Question

Consumer is said to be in equilibrium, maximizing his total utility, when

A the marginal utilities of the two goods consumed are equal

B the proportions of the marginal utilities and respective prices are equal

C the consumer gets full satisfaction from the consumption

D the consumer feels satisfied with his expenditure on the various goods

Answer & Explanation
Answer:the proportions of the marginal utilities and respective prices are equal

junior administrative assistant jaa test series