Question

explain consumer equilibrium in two commodity cash through cardinal approach​

Answer 1

Answer:

Statement. 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. Any change in this combination will reduce his total satisfaction.

Answer 2

Consumer Equilibrium in Case of a Two Commodity, With the Help of Utility Analysis. 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.

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