Question Description
According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? for Commerce 2025 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? covers all topics & solutions for Commerce 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer?.

Solutions for According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.

Here you can find the meaning of According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? defined & explained in the simplest way possible. Besides giving the explanation of According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an ample number of questions to practice According to the equimarginal principle, a consumer maximizes utility when:a)Marginal utility is equal to price.b)Marginal utility is decreasing.c)Total utility is maximized.d)Income is maximized.Correct answer is option 'A'. Can you explain this answer? tests, examples and also practice Commerce tests.