Economy, asked by mandeepkaurmk7051392, 7 months ago

explain the condition of consumer, s equilibrium with the help of marginal utility analysis

Answers

Answered by yashverma7278841

Explanation:

To determine the equilibrium point, consumer compares the price (or cost) of the given commodity with its utility (satisfaction or benefit). Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity

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