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What is meant by consumer's equilibruim? …

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What is meant by consumer's equilibruim? State the conditions of a consumer's equilibruim on the basis of utility analysis

    • Posted by Kartik Butta 6 years, 9 months ago

    CBSE > Class 11 > Economics
    • 1 answers

    Dhruti Mistri 6 years, 9 months ago

    Consumer equilibrium is the state when the consumer attains maximum statisfaction Condition 1)MUx/Px=MUm 2)MRS is always diminishing

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