Example of consumer equilibrium in a 2 commodity case
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Heya user✨✨
In case of two commodity⬇️⬇️
MUx/Px=MUy/Py. =MUm
Example:::
Let MUx=20,Px=4
MUy=25,Py=5
The equilibrium is struck when:::
MUx/Px=MUy/Py. =MUm
20/4=25/5=5
The consumer is in equilibrium in case of two commodity.
Hope this help u!
In case of two commodity⬇️⬇️
MUx/Px=MUy/Py. =MUm
Example:::
Let MUx=20,Px=4
MUy=25,Py=5
The equilibrium is struck when:::
MUx/Px=MUy/Py. =MUm
20/4=25/5=5
The consumer is in equilibrium in case of two commodity.
Hope this help u!
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