While buying two goods X and Y with unequal prices, to maximize total utility from his income, a consumer should get:

A. Equal MU from both commodities X and Y

B. More MU from commodity X than from commodity Y

C. More MU from commodity Y than from commodity X

D. Equal marginal utility from the last rupee spent on commodity X and commodity Y

Please do not use chat terms. Example: avoid using "grt" instead of "great".

You can do it
  1. Monopolistic firm can fix:
  2. If the demand for good is more elastic and government levied a tax per unit of output, the price per…
  3. The number of firms in monopolistic competition normally range between:
  4. From the resource allocation view point, perfect competition is preferable because:
  5. Elasticity (E) expressed by the term, 1>E>0, is:
  6. Stable cobweb model is a:
  7. In context of oligopoly, the kinky demand curve (kinked demand curve) hypothesis is designed to explain:
  8. Under pure monopoly, there will be:
  9. Extension (expansion) and contraction of demand are result of:
  10. The word ECONOMICS is derived from the Greek terms meanings:
  11. An optimum level of a firms output is:
  12. A country is advised to devalue (reduce external value of) its currency only when its exports face:
  13. Social costs equal private costs when:
  14. In a competitive market, price is determined primarily by:
  15. Production function shows:
  16. The firm is said to be in equilibrium when the difference between revenue and cost is:
  17. If both demand and supply were to increase then:
  18. In cournot model, each firm expects a reaction from his rival but the expected reaction is not:
  19. Identify the economist who first developed the theory of income determination in its modern form:
  20. The income effect means that consumer purchase more when:
  21. The nominal income of a consumer is income in terms of:
  22. In cournot model firms:
  23. On an indifference map higher indifference curves show:
  24. If the demand curve is vertical then its slope is:
  25. If the factors have to be employed in a fixed ratio, then the elasticity of substitution under Leontief…
  26. In monopoly, when average revenue curve falls:
  27. Contraction of demand means:
  28. If there are many producers, each of whom has an individual production possibility curve, then the lowest…
  29. An inferior good/ commodity is inferior for:
  30. Who developed the concept of Representative Firm?