Question

Consumer is in equilibrium when marginal utiliti are

Answer 1

Answer:

The consumer is in equilibrium position when marginal utility of money expenditure on each good is the same. The Law of Equi-Marginal Utility states that the consumer will distribute his money income in such a way that the utility derived from the last rupee spent on each good is equal.

Answer 2

HEY MATE!

HERE IS YOUR ANSWER:

Consumer is in equilibrium when marginal utility of commodity = price of the commodity.

HOPE IT HELPED^_^