MCQ
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 $-X]$
$[$Here, $MUx =$ Marginal utility of the good $X ($in terms of money$); Px =$ Price of good $-X]$
- A$\text{MUx < Px}$
- ✓$\text{MUx = Px}$
- C$\text{MUx > Px}$
- DNone of these.