If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when - SchoolNGR

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If the marginal utility of the last unit of commodity X at N2 is 16 and that of ...

If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A The price-quantity ratios are equal
B Equal amounts of X and Y are consumed
C Less of Y and more of X are consumed
D Less of X and more of Y are consumed

Correct Answer: Option A

Explanation:

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