What happens when Mux/mx is greater than muy/py – InterviewSolution

1.	What happens when Mux/mx is greater than muy/py
Answer» If MUx / Px is greater than MUy / Py, then the consumer will substitute good 'x' for good 'y'. ... The LAW of Equi-Marginal Utility STATES that the consumer will distribute his money INCOME in such a way that the utility derived from the last rupee SPENT on each good is equal.Explanation:Please mark as brainliest ANSWER

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