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

The correct answer is A. the price-quantity ratios are equal

No explanation given
Previous question Next question