Sail E0 Webinar
Question
A consumer gets maximum satisfaction where the ___ are same.
Options:
A .  Total utility and marginal utility
B .  Price of commodity and marginal utility
C .  Price of commodity and total utility
D .  (A) and (B) both
Answer: Option C
:
C
A consumer gets maximum satisfaction from his limited income when the marginal utility per rupee spent is equal for all goods.

Was this answer helpful ?
Next Question

Submit Solution

Your email address will not be published. Required fields are marked *

Latest Videos

Latest Test Papers