2) What is the
equilibrium
condition(s) for a
consumer in the
following cases :
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Answered by
1
Answer:
apke answers.......hehe
Answered by
1
Answer:
A consumer when consuming a single commodity (suppose X) is at equilibrium if MUX/PX = MUM. Similarly, a consumer consuming another product (assume Y) is at equilibrium if MUY/PY = MUM. ... A consumer will continue obtaining X products until MUX/PX = MUY/PY.
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