Question

what is one commodity case
​

Answer 1

Answer:

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. Condition 1 : MU(of good X) = MU(of money) OR , PRICE(of good X) = MU(of money)

Answer 2

Answer:

• 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. Condition 1 : MU(of good X) = MU(of money) OR , PRICE(of good X) = MU(of money)A consumer purchasing a single commodity will be at equilibrium, when he is buying such a quantity of that commodity, which gives him maximum satisfaction. The number of units to be consumed of the given commodity by a consumer depends on 2 factors: 1. Price of the given commodity; 2.

Explanation:

i hope it helps you....