What do you mean by consumer equilibrium? a utility anaylases b indeference curve and anylasis.
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Heya...
Consumer equilibrium is the condition of maximum satisfaction...
@ In Utility analysis case...
* It has two aspects...
1 In one commodity case..
equilibrium is.... MUx/ Px = Mum...
2 In two commodities case..
equilibrium.... when.... MUx/Px = MYx/ Py = Mum...
@ Indifference Curve analysis...
equilibrium when..... Indifference curve is convex and budget line coincide with it...
Consumer equilibrium is the condition of maximum satisfaction...
@ In Utility analysis case...
* It has two aspects...
1 In one commodity case..
equilibrium is.... MUx/ Px = Mum...
2 In two commodities case..
equilibrium.... when.... MUx/Px = MYx/ Py = Mum...
@ Indifference Curve analysis...
equilibrium when..... Indifference curve is convex and budget line coincide with it...
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hey mate here is ur ans
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