Economy, asked by sharmasfc4001, 4 months ago

Example 2.
Let MUX = 25, Px = 5, MUY = 30 and Py = 5.
Is the consumer in a state of equilibrium?

Answers

Answered by karumurishirisha

5

Explanation:

The equilibrium is struck when : MUx/Px = MUy/PY = MUm. consumer is in the state of equilibrium.

hope it helps you..

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