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A consumer consumes only two goods …

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A consumer consumes only two goods X and Y. Explain the conditions of consumer's equilibrium using utility analysis.

    • Posted by Atifa Aimen 6 years, 11 months ago

    CBSE > Class 12 > Economics
    • 1 answers

    Rajip Chowdhury 6 years, 11 months ago

    This is the situation for equi marginal utility, we're the equilibrium condition is mu/p of one commodity should be equal to mu/p of another commodity which should be equal to the marginal utility of money in other words money income of the consumer. Thanx

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