A consumer consumes two goods and and is in equilibrium. What will happen if MUx/Px becomes greater than MUy/Py ??
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According to your ques......
MUx/ Px > MUy / Py .......
In this situation .....
Consumer have to buy more good x and continue the still consumption of good y......
Reason.... If the consumer increases the good x then according to law of diminishing marginal Utility he will reaches to it's equilibrium
MUx/ Px > MUy / Py .......
In this situation .....
Consumer have to buy more good x and continue the still consumption of good y......
Reason.... If the consumer increases the good x then according to law of diminishing marginal Utility he will reaches to it's equilibrium
chavichavi:
ohh.....hmm
but na you should not waste ur points and time therw
there*
just get the any other way to ask but not this...
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