A consumer consumes only two goods X and Y and prices of Goods X and Y are Rs 4 and Rs 2 respectively. What will be the MRS_(XY) when consumer is in equilibrium ?

A consumer consumes only two goods X and Y and prices of Goods X and Y

1.	A consumer consumes only two goods X and Y and prices of Goods X and Y are Rs 4 and Rs 2 respectively. What will be the MRS_(XY) when consumer is in equilibrium ?
Answer» <html><body><p></p><a href="https://interviewquestions.tuteehub.com/tag/solution-25781" style="font-weight:bold;" target="_blank" title="Click to know more about SOLUTION">SOLUTION</a> :When the consumer is in equilibrium, `MRS_(<a href="https://interviewquestions.tuteehub.com/tag/xy-747762" style="font-weight:bold;" target="_blank" title="Click to know more about XY">XY</a>) = P_(<a href="https://interviewquestions.tuteehub.com/tag/x-746616" style="font-weight:bold;" target="_blank" title="Click to know more about X">X</a>)//P_(y)` <br/> substituting `P_(x) = 4 " and " P_(y) = <a href="https://interviewquestions.tuteehub.com/tag/2-283658" style="font-weight:bold;" target="_blank" title="Click to know more about 2">2</a>, MRS_(xy) = 4//2 = 2`</body></html>