If the marginal utility of the last unit of commodity X at N2 is 16 and that of commodity Y at N 4 is 24, the consumer will be at equilibrium when
a
the price-quantity ratios are equal
b
equal amounts of X and Y are consumed
c
less of Y and more of X are consumed
d
less of X and more of Y are consumed
Explanation
Correct Option
aNo explanation available
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