In the theory of the consumer behavior, a consumer is said to maximize utility when
a
Marginal utility of a commodity is equal to the price paid for it
b
Marginal utility of a commodity X is equal to the price of commodity Y
c
Average utility of a commodity is equal to the price paid for it
d
Total utility of a commodity is equal to the price paid for it
Explanation
Correct Option
aVideo Explanation
No video available
Post your Contribution
Share:
