Question

using in difference curve approach explain the condition of consumer equibrium.

Answer 1

According to indifference curve approach, a consumerattains equilibrium under twoconditions: When marginal rate of substitution is equal to ratio of prices of two goods i.e., MRSxy = Px/Py.
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Answer 2

consumer equilibrium indifference curve approach = MRSxy = Px/Py

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