Question

Marginal utility of each commodity, at the point where consumer attains equilibrium, is measurable in terms of ________.

• A. price of the commodity
• B. quantity of the commodity purchase
• C. price paid for the first unit of the commodity purchased
• D. none of the above

Answer 1

The correct option is A price of the commodity

The consumer attains equilibrium at that point where $MU=P$. Therefore, $MU$ of each commodity is measurable in terms of price at the point of consumer's equilibrium.