Question

A consumer has well behaved
prefrence. The consumen consumes
100 unit of good 1 and nothing
of good a MRs at this point
is 3 and slope of budget ane
i 2 is this is an equilbrium
explain​

Answer 1

utility level), a consumer is willing to give up 9/10 of x2 for one additional unit of x1. (Or, after losing one unit of x1, he must receive 9/10 of a unit of x2 to be as well off as he was at bundle (2,3).) So at the point (2,3), good
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