Ice creams sell for Rs. 30. Lakshmi who loves ice cream, has already eaten 3. Her MU from eating 3 ice creams is 90. Suppose further that, for her, the MU of one rupee is 3. Should she eat more ice cream or should she stop?

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Solution

Consumer's equilibrium is struck when:
$\frac{M U_{X}}{P_{X}} = M U_{M}$ .
Substituting the values, we find that $\frac{90}{30} = 3$ .
Lakshmi has already reached the point of equilibrium by consuming 3 ice cream. Thus, she should stop consuming any more ice creams.

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Ice creams sell for Rs. 30. Lakshmi who loves ice cream, has already eaten 3. Her MU from eating 3 ice creams is 90. Suppose further that, for her, the MU of one rupee is 3. Should she eat more ice cream or should she stop?

Consumer's equilibrium is struck when:MUXPX=MUM.Substituting the values, we find that 9030=3.Lakshmi has already reached the point of equilibrium by consuming 3 ice cream. Thus, she should stop consuming any more ice creams.

Consumer's equilibrium is struck when:
$\frac{M U_{X}}{P_{X}} = M U_{M}$ .
Substituting the values, we find that $\frac{90}{30} = 3$ .
Lakshmi has already reached the point of equilibrium by consuming 3 ice cream. Thus, she should stop consuming any more ice creams.