Economy, asked by jainnaira55, 11 months ago

State condition of consumer's equilibrium in respect of one good.

Answers

Answered by rudraaggarwal239982
6

Answer:

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Explanation:

Condition of consumer's equilibrium -: Consumer's equilibrium with respect to purchase of one good is attained when the marginal utility of the good is equal to its price. Example -: Suppose a consumer is buying orange and the price of each unit of orange is Rs. 4

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