Economy, asked by kavindapiumal2002, 3 months ago

‘Indifference curve analysis is much better than cardinal utility analysis in evaluating consumer’s equilibrium’ Can you recommend the above statement? Justify your answer

Answers

Answered by tammarapuaditya

16

Answer:

Sorry I did not understand

Answered by ItzMissLegend

22

According to indifference curve analysis, consumer is in equilibrium when his marginal rate of substitution between the two goods is equal.

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