Teaching AWES PGT Previous Year Paper Mock Test Series General Knowledge Economy National Income Accounting
A consumer is in a state of equilibrium when (PX=Price of commodity X, MUX=marginal utility of X, MUM=marginalutility of money)
1
PX > MUX / MUM
2
PX < MUX / MUM
3
PX = MUX / MUM
4
None of the above