for two commodities A and B, MA and MB are the respective marginal utilities while...

WAEC 1997

for two commodities A and B, MA and MB are the respective marginal utilities while PA and PB are the respective prices. Marginal utilities of the commodities are maximized when

A. MA/PA = MB/PB
B. MA/PA > MB/PB
C. MA/PA < MB/PB
D. PA/MA < PB/MB
E. PA/MA > PB/MB

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Correct Answer: Option A

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