Question

explain why consumers equilibrium is attained when the utility of the product in terms of money is equal to its price​

Answer 1

Answer:

When a consumer is purchasing one commodity, he stops buying when its price and utility have been equated. At this point, his total utility is the maximum. He is said to be in equilibrium at this point, because he is getting maximum satisfaction and he will buy neither more nor less.

Explanation:

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Answer 2

Answer:

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