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This question belongs to Commerce Economics

Economics

?

The maximum satisfaction to a discerning consumer meets at the point, where

A) $$\frac{{M{U_X}}}{{M{U_Y}}} < \frac{{{P_X}}}{{{P_Y}}}$$ B) $$\frac{{M{U_X}}}{{M{U_Y}}} > \frac{{{P_X}}}{{{P_Y}}}$$ C) $$\frac{{M{U_X}}}{{M{U_Y}}} = \frac{{{P_X}}}{{{P_Y}}}$$ D) $$\frac{{M{U_X}}}{{M{U_Y}}} \ne \frac{{{P_X}}}{{{P_Y}}}$$

Answer & Solution

Correct Answer: Option C

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