Economy, asked by luckysinghrawatr, 1 month ago

Explain determination of consumer's equilibrium in case of single commodity using utility analysis /approach

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Answered by Anonymous

Answer:

ALLAH AP KO SAB KUCH DEGA

Answered by Manasa20071

A consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of that commodity, which gives him maximum satisfaction. ... Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity.

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