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If MU(y) = 20, MU(x) = 60, Price of Y = ...

If `MU_(y) = 20, MU_(x) = 60`, Price of `Y = Rs 4`, then what will be the price of X at Equilibrium

A

`Rs 14`

B

`Rs 3`

C

`Rs 12`

D

`Rs 4`

Text Solution

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The correct Answer is:
C
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SANDEEP GARG-CONSUMER'S EQUILIBRIUM-Revision Exercise
  1. The consumer is in equilibrium at a point where the budget line:

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

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

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

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

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

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

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

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

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

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

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  12. Marginal utility is:

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  13. Total utility is

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

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  15. At the Point of Satiety,

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

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  17. Slope of an indifference Curve is measured by:

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  18. If MU(y) = 20, MU(x) = 60, Price of Y = Rs 4, then what will be the pr...

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  19. Market Rate of Exchange also denotes :

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  20. When marginal utility is zero, total utility is:

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