Q. A consumer is in equilibrium and is spending income in such a way that the marginal utility ofproduct X is 40 units and Y is 16 units. The unit price of X is Rs.5. The price of Y is: (Solved)
1. rs.1 per unit.
2. rs.2 per unit.
3. rs.3 per unit.
4. rs.4 per unit.
- b. rs.2 per unit.