what happens when MUx is less than MUy ?
how will the consumer achieve consumer's equilibrium .
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Can a governor refuse to sign a bill?Find our any one instance when a governor sent the bill back to be reconsidered by the legislative assembly.What were the contents of the bill
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The Law of Equi-Marginal Utility states that the consumer will distribute his money income in such a way that the utility derived from the last rupee spent on each good is equal. ... If MUx / Px and MUy / Py are not equal and MUx / Px is greater than MUy / Py, then the consumer will substitute good 'x' for good 'y'.
Consumer's equilibrium is a situation when he spends his given income on the purchase of one or more commodities in such a way that he gets maximum satisfaction and has no urge to change this level of consumption, given the prices of commodities.
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