A consumer consumers only two goods X and Y whose prices are Rs 5 and Rs 4 per unit respectively. If MU_(Y) = 16 at the point of consumer's equilibrium, calculate MU_(X).

A consumer consumers only two goods X and Y whose prices are Rs 5 and

1.	A consumer consumers only two goods X and Y whose prices are Rs 5 and Rs 4 per unit respectively. If MU_(Y) = 16 at the point of consumer's equilibrium, calculate MU_(X).
Answer» <html><body><p><<a href="https://interviewquestions.tuteehub.com/tag/p-588962" style="font-weight:bold;" target="_blank" title="Click to know more about P">P</a>></p>Solution :A <a href="https://interviewquestions.tuteehub.com/tag/consumer-25599" style="font-weight:bold;" target="_blank" title="Click to know more about CONSUMER">CONSUMER</a> in consumption of two commodities is at equilibrium when, `(MU_(X))/(P_(X)) = (MU_(Y))/(P_(Y))`<br/> Putting the <a href="https://interviewquestions.tuteehub.com/tag/given-473447" style="font-weight:bold;" target="_blank" title="Click to know more about GIVEN">GIVEN</a> values in the equilibrium condition : <br/> `(MU_(X))/(5) = (<a href="https://interviewquestions.tuteehub.com/tag/16-276476" style="font-weight:bold;" target="_blank" title="Click to know more about 16">16</a>)/(4)` <br/>`(MU_(X))/(5) = 4` <br/> `MU_(X) = 20`</body></html>