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The consumer is in equilibrium when Marg...

The consumer is in equilibrium when Marginal Utility from a Commodity equals:

A

Demand of the Commodity

B

Supply of that Commodity

C

Price of the Commodity

D

All of these

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The correct Answer is:
C
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. MU(X) " of " X " is " 40 " and " MU(Y) of Y is 30. It the price of Y i...

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  2. The farther the Indifference Curve is from the origin, then :

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  3. The consumer is in equilibrium when Marginal Utility from a Commodity ...

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  4. An Indifference Curve represents all those combinations of two goods w...

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  5. The consumer is in equilibrium at a point where the budget line:

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  6. Which of the shaded area in the diagrams below represent total utility...

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  7. If Marginal Rate of Substituation is constant throughtout, the Indiffe...

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  8. If Marginal Rate of Substituation is increasing throughout, the Indiff...

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  9. A consumer consumes only two goods, If price of one of the goods falls...

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  10. A consumer consumes only two goods X and Y both Priced at Rs 4 per uni...

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  11. A consumer consumes only two goods X and Y whose prices are Rs 3 and R...

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  12. In the following diagram, the situation of Consumer's Equilibrium and ...

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  13. Which Indifference Curve represents the highest level of satisfaction ...

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  14. An increase in income will lead to the following change in Bundget Lin...

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  15. The rotation of budget line in the following diagram is due to:

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  16. Marginal utility is:

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  17. Total utility is

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  18. Which of the following can be referred to as 'point of satiety' ?

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  19. At the Point of Satiety,

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  20. A consumer consumes only two goods. If price of one of the good falls,...

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