Question

explain consumer's equilibrium in case of a single commodity and two commodities with the help of a utility schedule​

Answer 1

Explanation:

Explain consumers equilibrium, in case of Single commodity, with the help of utility schedule. The law of D.M.V can be used to explain consumers equilibrium in case of a single commodity. ... Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity

Answer 2

⚡here is your answers ⚡

the law of DMV can be used to explain consumers equilibrium to in case of a single commodity being a rational consumer he will be at equilibrium when marginal utility is equal to price paid for the commodity

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