Economy, asked by ssarabjit941, 8 months ago

a consumer will be at the point of equilibrium

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Answered by yashkm111204

1

Answer:

A consumer attains equilibrium at such level where marginal utility derived from the consumption of a commodity is equal to its one unit price. ... If the marginal utility of a product is higher than its price, a consumer will consume more of it until marginal utility falls and reaches the price level.

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