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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
If the consumer consume only one commodity ‘X’ he will be in equilibrium when:
[Here, MUx = Marginal utility of the good X (in terms of money); Px = Price of good -X]
  1. MUx < Px
  2. MUx = Px
  3. MUx > Px
  4. None of these.
✓

Answer

  1. MUx = Px

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