Economy, asked by maanishachaudhary, 8 months ago

what change does it make to the equation of consumer's equilibrium when he decided to spend his income on two commodity rather than one​

Answers

Answered by drijjani50
0

For one-commodity case: Rupee worth of satisfaction actually received by the consumer is equal to the marginal utility of money as specified by the consumer himself. Reason: Price paid by the consumers should be exactly equal to the money value of MU that he derives.

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