The consumer is said to be in equilibrium when he plans his expenditure on x, y and z commodities in such a way that he ultimately attains:
A. MUx = MUy = Mz
B. MUx / Px = MUy / Py= MUz / Pz
C. MUx / Px = MUy / Py = MUz / Pz = MUm
D. MUx / Px < MUy / Py < MUz / Pz < MUm
Answer:C
The consumer is said to be in equilibrium when he plans his expenditure on x, y and z commodities in such a way that he ultimately attains:
A. MUx = MUy = Mz B. MUx / Px = MUy / Py= MUz / Pz C. MUx / Px = MUy / Py = MUz / Pz = MUm D. MUx / Px < MUy / Py < MUz / Pz < MUm