Economics 9708 · AS & A Level · Utility and rational consumer behaviour

Utility and rational consumer behaviour — practice question

According to marginal utility (MU) theory for two goods, X and Y, with different prices (P), when does a consumer reach maximum total utility (TU)?

  • AM U X = M U Y
  • BMU_X / P_X = MU_Y / P_Y
  • CMU_Y / P_X = MU_X / P_Y
  • DTUX = TUY

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