Defend or refute the statement. Write ‘yes’ or ‘no’ with reaso – InterviewSolution

1.	Defend or refute the statement. Write ‘yes’ or ‘no’ with reason:A consumer strikes his equilibrium when: MUx/Px = MUM.
Answer» Yes. A consumer attains his equilibrium when MU_x/P_x =MU_M, in case of single commodity.

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