Suppose marginal utility schedule of consumption of a commodity is given as follows. Units consumes 1 2

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Suppose marginal utility schedule of consumption of a commodity is given as follows.

Units consumes 1

2 3

4 5

6 MU 100 80 60 40 20 0 (

a) Find the find Consumer’s equilibrium if price of commodity is `60.
(

b) Derive the demand curve for the commodity.
ANALYSIS OF CONSUMER DEMAND 147

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Managerial Economics

ISBN: 9789325986688

8th Edition

Authors: D N DWIVEDI

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Question Posted: Oct 07, 2024 04:01 AM

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Suppose marginal utility schedule of consumption of a commodity is given as follows. Units consumes 1 2

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Managerial Economics

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