A consumer maximizes his utility in consuming a good 'X' when

  • A Mux = Px
  • B Px > Mux
  • C price is falling
  • D Mux > Px
waec 2009economics

The correct answer is A. Mux = Px

This means that the marginal utility of good X (Mux) is equal to the price of good X (Px). 

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