A consumer consumes only two goods x and y
Asked by admin @ in Economy viewed by 335 People
A consumer consumes only two goods X and Y whose prices are 5 and 4 per unit.If MUy=16 at the point of consumer's equilibrium.Calculate MUx.
Answered by admin @
Answer:
Explanation:
given,
px=5,
py=4,
muy=16,
at equllibrium muy/py=mux/muy
Therefore,
mux/5=16/4
mux=20
hope it will help you
THANKS...
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