Economy, asked by banshidharshaw9732, 7 months ago

Q 8.
IC analysis of consumer's equilibrium is based on
1. cardinal utility 2. ordinal utility 3. both a
and b 4. none of these
2
لا
Answer: 1
4​

Answers

Answered by bababala
1

Explanation:

Thus the consumer's equilibrium under the indifference curve theory must meet the following two conditions: First: A given price line should be tangent to an indifference curve or marginal rate of satisfaction of good X for good Y (MRSxy) must be equal to the price ratio of the two goods. i.e.

Answered by rekhaashokkumar1907
0

Answer:

answer is the unknown mystery

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