Economy, asked by mantavya8125, 9 months ago

The consumer is in equilibrium at a point where the budget line is

Answers

Answered by rajnishinfotechjsg

Answer:

The consumer is in equilibrium at a point where the budget line is tangent to an indifference curve. It means that marginal substitution rate between X and Y (MRSXY) should be diminishing. And plz mark me brainliest i hpe it will help you

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