MCQ
A consumer buys two commodities $X$ and $Y$, he would be in equilibrium when $......$
  • $\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{Y}}$
  • B
    $\frac{\text{MU}_\text{X}}{\text{MU}_\text{Y}}=\text{MU}_\text{M}$
  • C
    $\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{X}}$
  • D
    $\frac{\text{P}_\text{X}}{\text{P}_\text{Y}}=\text{MU}_\text{M}$

Answer

Correct option: A.
$\frac{\text{MU}_\text{X}}{\text{P}_\text{X}}=\frac{\text{MU}_\text{Y}}{\text{P}_\text{Y}}$

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