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  5. MUX = PX ( where X a...

MUX = PX ( where X and Y = good X and Good Y; MU...

Economics
WAEC 1996
MUX = PX ( where X and Y = good X and Good Y; MU = Marginal Utility;P= Price)MUY = PY. The above represents the
  • A. marginal utility equation
  • B. equation for consumer dis-equulibruim
  • C. utility maximization equation
  • D. equation for total utility
  • E. equation for price elasticity
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Correct Answer: Option C
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