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

Utility and rational consumer behaviour — practice question

Which statement correctly expresses the equi-marginal utility rule?

  • AThe marginal utility of X must equal the marginal utility of Y.
  • BThe marginal utility of X divided by the price of X must equal the marginal utility of Y divided by the price of Y.
  • CThe marginal utility of X divided by the price of Y must equal the marginal utility of Y divided by the price of Y.
  • DThe price of X must equal the price of Y.

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