Economy, asked by uttakarshdahiwa5251, 1 year ago

2 COMMODITIES CASE CONSUMER EQUILIBRIUM NUMERICALS

Answers

Answered by Anonymous

Hey user!

Let MUx=20
Px=4 ,MUy=25
Py=5.

The equilibrium is struck when:
MUx/Px=MUy/Py=MUm

Substituting the value ,

20/4=25/5
=5

Implying,the consumer is in state of equilibrium.(two commodity case).

Anonymous: is that u on ur dp

Answered by Anonymous

Hola mate

5 is the correct answer

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