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MCQ Practice 14050 Questions
1. A consumer with a given income will obtain maximum utility when?
(A): (A) the marginalutility of each commodity is equal
(B): (B) the marginal utility of each commodity is in the same ratio to its price.
(C): (C) the utility derived from the first unit of each commodity is equal
(D): (D) the utility derived from each commodity is unequal.
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