Social Sciences, asked by adityakounda17, 6 months ago

Explain the consumer equilibrium in case of single commodity,
with the help of utility schedule.

Answers

Answered by prabirsarkar1464

Answer:

Condition of consumer's equilibrium -: Consumer's equilibrium with respect to purchase of one good is attained when the marginal utility of the good is equal to its price. Example -: Suppose a consumer is buying orange and the price of each unit of orange is Rs. 4.

Explanation:

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