Question

consumer equilibrium is established at a point where​

Answer 1

Answer:

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.

Answer 2

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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