Question

Consumer consumes two goods x and y whose prices are rs. 4 and rs. 5 respectively. If the mu of x is 5 and mu of y is 4, is the consumer in equilibrium? Give reason. What will the rational consumer do in this situation?

Answer 1

Explanation:

prices are rs. 4 and rs. 5 respectively. If the mu of x is 5 and mu of y is 4, is the consumer in equilibrium .Given

So., prices are rs. 4 and rs. 5 respectively. If the mu of x is 5 and mu of y is 4, is the consumer in equilibrium?

Answer 2

Answer:

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