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Theory of consumer behaviour — Economics STD 12 Humanities & Commerce — Question

Rajasthan BoardEnglish MediumSTD 12 Humanities & CommerceEconomicsTheory of consumer behaviour1 Mark
Question
A consumer buys two commodities X and Y, he would be in equilibrium when ________.

  1. $\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{Y}}$

  2. $\frac{\text{MU}_\text{X}}{\text{MU}_\text{Y}}=\text{MU}_\text{M}$

  3. $\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{X}}$

  4. $\frac{\text{P}_\text{X}}{\text{P}_\text{Y}}=\text{MU}_\text{M}$

✓

Answer

  1. $\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{Y}}$

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