Question

explian the determination of consumer equilibrium by using shedule and diagram when he consumes only one commodity​

Answer 1

Answer:

a consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of that commodity, which gives him maximum satisfaction. The number of units to be consumed of the given commodity by a consumer depends on 2 factors: ... Expected utility (Marginal utility) from each successive unit.

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