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
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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.
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Answer:
answer is the unknown mystery
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