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Explain consumer's equilibrium in case of …

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Explain consumer's equilibrium in case of two commodities with the help of utility analysis
  • 3 answers

Tom Jerry 7 years ago

Tnx bro
Sorry MUx /Px =MUy /py =MUm
Consumer needs to consume 2 goods x and y in order to satisfy their needs. MUx/Px = MUy/px= MUm. According to this consumer will reach on equilibrium point.
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