Economy, asked by archanasubba008, 6 months ago

explain consumer's equilibrium through Cardinal utility approach

Answers

Answered by pranavkumbhar6866

Explanation:

Definition: The Cardinal approach to Consumer Equilibrium posits that the consumer reaches his equilibrium when he derives the maximum satisfaction for given resources (money) and other conditions. ... Therefore, the consumer is said to be in equilibrium.

Answered by Anonymous

Answer:

The Cardinal approach to Consumer Equilibrium posits that the consumer reaches his equilibrium when he derives the maximum satisfaction for given resources (money) and other conditions. ... Therefore, the consumer is said to be in equilibrium.

Explanation:

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