CUET Economics - Lata likes to eat burgers and has already eaten two. Her marginal utility from the last burger she consumes is 90 utils. If the price of burger is Rs. 25 per unit and marginal utility of a rupee is 3 utils, then? | PYQs + Solutions

CUET Economics 2025 26 May Shift 2

Micro

Medium

Lata should increase the consumption of burgers to attain equilibrium.

Lata should have consumed lesser burgers to attain equilibrium.

Lata is in equilibrium so she should not change the level of consumption.

The given information is insufficient to determine the consumption behaviour of Lata.

✅ Correct Option: 1

Related questions:

26 May Shift 2

Match List-I with List-II

List-I	List-II
(A) Marginal rate of substitution	(I) Slope of Budget line
(B) MUₓ/MUᵧ=Pₓ/Pᵧ	(II) more of at least one good and no less of the other good
(C) -(Pₓ/Pᵧ)	(III) Law of equi marginal utility
(D)Monotonic Preferences.	(IV) Slope of Indifference curve

Choose the correct answer from the options given below:

26 May Shift 2

A consumer spends all his income of Rs 6000 on two goods - Food and clothing and is buying 12 units each of both the goods. At the present level of consumption, the marginal rate of substitution of clothing for food is 3. The price of food per unit is Rs. 400 whereas that of clothing is Rs. 100. What should a consumer do to attain the equilibrium?

22 May Shift 2

The rate at which the consumer is willing to substitute one good for the other is indicated by:

CUET Economics 2025 26 May Shift 2 PYQs

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