Question

A consumer consumes only two two goods X and Y whose prices are ₹4 and₹5 per unit respectively. If the consumer choose a combination of the two goods with marginal utility of X equal to 5 and that of Y equal to 4 , is the consumer in equilibrium? Give reasons. What will a rational consumer do in this situation? Use utility analysis​

Answer 1

Answer:

consumer consumes only two two goods X and Y whose prices are ₹4 and₹5 per unit respectively. If the consumer choose a combination of the two goods with marginal utility of X