Economy, asked by studenta62, 8 months ago

explain how will a consumer attain equilibrium using cardinal utility analysis in case of a single commodity.​

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Answered by AditiRana2008
6

Answer:

Consumer Equilibrium in Case of a Two Commodity, With the Help of Utility Analysis. 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

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