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A consumer strikes his equilibrium when: MUx/Px = MUM.

+2 votes

asked Apr 1, 2019 in Class 12 by kratos

Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:

A consumer strikes his equilibrium when: MUx/Px = MUM.

class-11
class-12
consumers equilibrium and demand
cbse

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1 Answer

+3 votes

answered Nov 13, 2020 by kratos

Best answer

Yes. A consumer attains his equilibrium when MUx/Px =MUM, in case of single commodity.

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