Explain consumer equlibrium in two commodity cases through cardinal approach
Answers
Answered by
2
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.Feb 8, 2020
Similar questions