A consumer buys two goods X and Y. Explain the conditions of his equilibrium using utility approach.
Answers
Answered by
11
Heya....
@@ According to your question ....
Consumer is buying the two goods X and Y within his income...
Equilibrium will struck for utility approach here...--------->>>>>
When the satisfaction driven from commodity X and Y gets equal to the marginal utility of money for consumer...
That is.....
MUx = MUy = Mum.....
@@ According to your question ....
Consumer is buying the two goods X and Y within his income...
Equilibrium will struck for utility approach here...--------->>>>>
When the satisfaction driven from commodity X and Y gets equal to the marginal utility of money for consumer...
That is.....
MUx = MUy = Mum.....
nikhil33313:
hi shivangi
Answered by
1
When the satisfaction driven from commodity X and Y gets equal to the marginal utility of money for consumer...
Similar questions