A comsumer buys a combination of two goods: X and Y with marginal utilities equal to 30 utils and 35 utils respectively. Price of X is Rs 6 per unit. The consumer will be in equilibrium only when price of Y is 7 per unit.

A comsumer buys a combination of two goods: X and Y with marginal util

1.	A comsumer buys a combination of two goods: X and Y with marginal utilities equal to 30 utils and 35 utils respectively. Price of X is Rs 6 per unit. The consumer will be in equilibrium only when price of Y is 7 per unit.
Answer» <P> SOLUTION :Because equilibrium condition is met in this CASE as under: `(MU_(X))/(P_(X)) = (MU_(Y))/(P_(Y)) " or " (30)/(6) = (35)/(7)`