Economy, asked by moharajbasumatary532, 2 months ago

What is consumentis equilibrium ? what are the conditions
determining consumer's equilibrium ?

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Answered by Anonymous

1

Answer:

The solution to the consumer's problem, which entails decisions about how much the consumer will consume of a number of goods and services, is referred to as consumer equilibrium. This condition states that the marginal utility per dollar spent on good 1 must equal the marginal utility per dollar spent on good 2

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