Economy, asked by abhikharaliye, 3 months ago

.. Explain the conditions of consumer's equilibrium using indifference curve analysis.
Or​

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Answered by Anonymous
0

ᴀᴄᴄᴏʀᴅɪɴɢ ᴛᴏ ɪɴᴅɪғғᴇʀᴇɴᴄᴇ ᴄᴜʀᴠᴇ ᴀᴘᴘʀᴏᴀᴄʜ, ᴀ ᴄᴏɴsᴜᴍᴇʀ ᴀᴛᴛᴀɪɴs ᴇǫᴜɪʟɪʙʀɪᴜᴍ ᴜɴᴅᴇʀ ᴛᴡᴏ ᴄᴏɴᴅɪᴛɪᴏɴs: (ɪ) ᴡʜᴇɴ ᴍᴀʀɢɪɴᴀʟ ʀᴀᴛᴇ ᴏғ sᴜʙsᴛɪᴛɪᴏɴ ɪs ᴇǫᴜᴀʟ ᴛᴏ ʀᴀᴛɪᴏ ᴏғ ᴘʀɪᴄᴇs ᴏғ ᴛᴡᴏ ɢᴏᴏᴅs ɪ.ᴇ., ᴍʀsxʏ = ᴘx/ᴘʏ. ... ᴀᴛ ᴇǫᴜɪʟɪʙʀɪᴜᴍ ᴘᴏɪɴᴛ ᴄᴏɴsᴜᴍᴇʀ ᴍᴀxɪᴍɪsᴇs ʜɪs sᴀᴛɪsғᴀᴄᴛɪᴏɴ.

Answered by manthandsai
0

Answer:

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