for two commodities A and B, MA and MB are the respective marginal utilities while PA and PB are the respective prices. Marginal utilities of the commodities are maximized when

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for two commodities A and B, MA and MB are the respective marginal utilities while PA ...

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A MA/PA = MB/PB
B MA/PA > MB/PB
C MA/PA < MB/PB
D PA/MA < PB/MB
E PA/MA > PB/MB

Correct Answer: Option A

Explanation:

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for two commodities A and B, MA and MB are the respective marginal utilities while PA ...

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

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