If the marginal utility of the last unit of commodity X at N2 is 16…

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
Correct Answer: Option A
Explanation
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