WAEC - Economics (2023 - No. 14)

When the marginal utility from the consumption of commodity X (Mux) is greater than the price commodity X (Px), a rational consumer should
strive to remain in disequilibrium
consume the same quantity of commodity X
consume more of commodity X
reduce consumption of commodity X

Explanation

A rational consumer should consume more of commodity X when the marginal utility from the consumption of commodity X (Mux) is greater than the price commodity X (Px). This is because the consumer is getting more satisfaction from consuming each additional unit of commodity X than they are paying for it. As a result, the consumer should continue to consume more of the commodity until the marginal utility is equal to the price.

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