Given market price of a good how does consumer decide as to how many o

1.	Given market price of a good how does consumer decide as to how many of that good to buy.
Answer» Solution :In buying a GOOD a CONSUMER compares price of the good withmarginal utility (MU)of thegood . He decides to purchase the good only when`MUge`Price . SUPPOSE`PgtMU` , hewill continue to buy so long as MUIS either greater or atleast equal to P. Astheconsumer busy more and more UNITS MU diminishes . He busy upto the point when MU equals P.MU=P

Discussion