Question

#ECONOMICS EXPERT

please answer​

Answer 1

Answer:

No. This is not the equilibrium.

Explanation:

You can check by comparing the ratio of marginal utilities and the price ratio.

7/7=1 is the MU ratio

But the price ratio is 6/8= 0.75

Since the two aren't equal this won't be the equilibrium. In this case we say that the consumer should consume more of good A (the MU of A will drop and the ratio will decrease) till the ratios are equal.

Answer 2

Answer:

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Explanation: