Question

a consumer buys two goods xand y explain condition use indifference curve approach​

Answer 1

Answer:

According to indifference curve approach, a consumer attains equilibrium under two conditions: (i) When marginal rate of substition is equal to ratio of prices of two goods i.e., MRSxy = Px/Py. ... Therefore at point of equilibrium, MRSxyshould be diminishing. At equilibrium point consumer maximises his satisfaction.

Explanation:

this is ur answer