explain consumer equilibrium in two commodity cash through cardinal approach
Answers
Answered by
3
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.
Answered by
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.
If it is helpful to you then plzz follow me and mark me as brainlist.
Thank you
Similar questions