Economics · Consumer Behaviour
The Law of Equi-Marginal Utility states that a consumer achieves maximum satisfaction when the:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Marginal utility per unit of money spent is equal across all commodities✓
- 2Total expenditure on commodity X is equal to the total expenditure on commodity Y
- 3Marginal utility of commodity X is exactly equal to the marginal utility of commodity Y
- 4Total utility of all commodities consumed is equal to zero
Correct answer
Marginal utility per unit of money spent is equal across all commodities
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