Question

A consumer consumes only two goods.Explain the condition of consumer's equilibrium utility analysis​

Answer 1

Answer:

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Explanation:

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Answer 2

In case of two commodities, the consumer's equilibrium is attained in accordance with the Law of Equi-Marginal Utility. It states that a consumer allocates his expenditure on two goods in such a manner that the utility derived from each additional unit of the rupee spent on each of the commodities is equal.