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What is consumer equilibrium in case …

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What is consumer equilibrium in case of two commodity

    • Posted by Prasun Saurabh 6 years, 2 months ago

    CBSE > Class 11 > Economics
    • 4 answers

    Prasun Saurabh 6 years, 2 months ago

    When average product is maximum, marginal product is equal to

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    Prasun Saurabh 6 years, 2 months ago

    Positive economics deal with

    0Thank You

    Lavi Kapoor 6 years, 2 months ago

    The conditions of equilibrium in two commodities is 1.Mux=Muy Px Py 2.Marginal utility falls as more units of a commodity consumed.

    0Thank You

    Lavi Kapoor 6 years, 2 months ago

    Consumer equilibrium refers to the condition in which he buys a commodity in such way that give him maximum satisfaction and he feels no urge to change.yji

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