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Explain consumers equilibrium by indifference curve …

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Explain consumers equilibrium by indifference curve analysis.
  • 2 answers

Riya ? 6 years, 11 months ago

His*

Riya ? 6 years, 11 months ago

Consumer equilibrium refers to optimum choice of the consumer....the consumer reaches hus optimum choice when :(i)MRSxy=Px/py.... (ii) IC is convex to its origin..?
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