Question

what is meant by consumerism equilibrium? state its condition in case of two commodities with the help of marginal schedule and diagram​

Answer 1

Consumer Equilibrium in Case of a Two Commodity, With the Help of Utility Analysis. Suppose, a consumer consumes only two goods X and Y. He will attain equilibrium only if he allocates his given income on the purchase of good X and Y in such a way that per rupee MU of both the products is equal and he gets maximum TU