Question

Consuming two goods, a consumer attain equilibrium when:

A. / = /

B. / > /

C. / < /

D. / ≠ /​

Answer 1

Answer:

it should be A.

Explanation:

A consumer when consuming a single

commodity (supposeX) is at equilibrium

if MUX/PX=MUM.

similarly,a consumer consuming another product

(assume Y) is at equilibrium if MUY/PY=MUM.