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Monday, 25 May 2026
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Consumer equilibrium under utility analysis occurs when:

Consumer equilibrium under utility analysis occurs when:
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
  • A MC equals AVC
  • B TU equals MU
  • C MUx/Px = MUy/Py
  • D AR equals MR
Correct Answer: Option C
Explanation:
Consumers maximize satisfaction when marginal utility per naira spent on all goods becomes equal.

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