In July 2024
Answer to Question #278186 in Microeconomics for meha
A Consumer consumed 3 units of a product. Marginal Utilities derived from the first two units are ₹500 and ₹400. If the price of the product is ₹300 per unit and the Consumer is in equilibrium at 3 units, the Consumer Surplus will be ______
Zero surplus since in both cases cost is same.
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#340153 on Dec 2023
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