Question

22. A consumer consumes only two goods X and Y. Marginal
utilities of X and Y are 3 and 4 respectively. Prices of X and Y
are * 4 per unit. Is consumer in equilibrium ? What will be
further reaction of the consumer? Give reasons.​

Answer 1

Answer:

no the consumer would be in Equlibirum as the MU Of X IS NOT EQUAL TO MU OF Y show the consumer will keep the process of consumption going till MU of X equal to MU OF Y