In case of two commodity, following utility approach, a consumer is in equilibrium when
Answers
Answered by
2
Answer:
Consumer Equilibrium in Case of a Two Commodity, With the Help of Utility Analysis. ... He will attain equilibrium only if he allocates his given income on the purchase of good X and Y in such a way that per rupee MU of both the products is equal and he gets maximum TU.
Explanation:
Hopefully it helps!
Similar questions