Economics · Consumer Utility Theory
Which of the following mathematical equations correctly states the Law of Equi-Marginal Utility?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MUx × Px = MUy × Py
- 2MUxPx < MUyPy = MUm
- 3MUxPx > MUyPy = MUm
- 4MUxPx = MUyPy = MUzPz = MUm✓
Correct answer
MUxPx = MUyPy = MUzPz = MUm
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