Question

Explain condition of consumer's Equilibrium When consumer connsume two cnommodity use utility
approach​

Answer 1

Answer:

Consumer Equilibrium in Case of aTwo Commodity, With the Help ofUtility Analysis. Suppose, a consumer consumes only two goods X and Y. He will attain equilibrium only if he allocates his given income on the purchase of good X and Y in such a way that per rupee MU of both the products is equal and he gets maximum TU.