consumer equilibrium is established at a point where
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marginal utility derived from the consumption of a commodity is equal to its one unit price
Explanation:
A consumer attains equilibrium at such level where marginal utility derived from the consumption of a commodity is equal to its one unit price. A rational consumer would continue to purchase more or less of a commodity until such marginal utility derived from it meets the price of that commodity.
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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
Explanation:
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