Suppose the price of a connodity 'x' is given as Rs 8 and the MU (in terms of money) for 4 units is given as : {:("Units",1,2,3,4,),(MU_(x) (Rs),12,10,8,6,):} How many units should a consumer purchase so that his satisfaction is maximum ?

Suppose the price of a connodity 'x' is given as Rs 8 and the MU (in t

1.	Suppose the price of a connodity 'x' is given as Rs 8 and the MU (in terms of money) for 4 units is given as : {:("Units",1,2,3,4,),(MU_(x) (Rs),12,10,8,6,):} How many units should a consumer purchase so that his satisfaction is maximum ?
Answer» <html><body><p></p>Solution :<img src="https://d10lpgp6xz60nq.cloudfront.net/physics_images/SG_MIC_ECO_C02_S01_004_S01.png" width="80%"/> <br/> Consumer will purchase <a href="https://interviewquestions.tuteehub.com/tag/3-301577" style="font-weight:bold;" target="_blank" title="Click to know more about 3">3</a> units because at `3^(<a href="https://interviewquestions.tuteehub.com/tag/rd-613594" style="font-weight:bold;" target="_blank" title="Click to know more about RD">RD</a>)` unit, MU = Price <br/> `` The consumer will not purchase less than 3 units as `MU gt` Price and these is scope for <a href="https://interviewquestions.tuteehub.com/tag/increasing-1040633" style="font-weight:bold;" target="_blank" title="Click to know more about INCREASING">INCREASING</a> the total satisfaction by purchasing more units. <br/>`` <a href="https://interviewquestions.tuteehub.com/tag/similarly-1208242" style="font-weight:bold;" target="_blank" title="Click to know more about SIMILARLY">SIMILARLY</a>, consumer will not buy more than 3 units as `MU lt` Price and total satisfaction can be increased bypurchasing less quantity.</body></html>