Which of these is a conditions for consu...

Which of these is a conditions for consumer's equilibrium by indifference curve analysis ?

A

`MU_(X) = P_(X)`

B

`(MU_(X))/(P_(X)) = (MU_(Y))/(P_(Y))`

C

`MRS_(X) = (P_(X))/(P_(Y))`

D

`MU_(X) = MU_(Y)`

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The correct Answer is:

C

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Indifference curves are :
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Which of these is a conditions for consumer's equilibrium by indiffere...
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Total Utility is at the point of satiety:
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Marginal Utility (MU) of n^(th) unit is calculated as:
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In case of single commodity, consumer's equilibrium is achieved when:
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measures the slope of indifference curve.
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In the following diagram of budget line, point ''D'' represents :
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How is TU derived from MU ?
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What happends to MU when TU is maximum ?
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An indifference curve always:
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In case of cardinal utility approach, utility is measured in:
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The consumer will be in equilibrium where there is tangency between pr...
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'Cardinality'' means utility can be:
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The slope of price line (in case of commodites X and Y) is given by:
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Which Law states that. ''When a consumer consumes more and more units ...
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In the context of Indifference Curve Analysis, MRS stands for:
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