Economy, asked by biman8986, 6 months ago

explain the consumer equilibrium with the Cardinal utility analysis in single commodity case

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Answered by Anonymous

Answer:

The law of D.M.V can be used to explain consumers equilibrium in case of a single commodity. ... Being a rational consumer, he will be at equilibrium when marginal utility is equal to price paid for the commodity.

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explain the consumer equilibrium with the Cardinal utility analysis in single commodity case​

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explain the consumer equilibrium with the Cardinal utility analysis in single commodity case