A consumer consumes only two goods X and Y whose prices are Rs 6 and Rs 3 per unit respectively. What will be the MRS_(XY), when the conumer is in equilibrium ?

A consumer consumes only two goods X and Y whose prices are Rs 6 and R

1.	A consumer consumes only two goods X and Y whose prices are Rs 6 and Rs 3 per unit respectively. What will be the MRS_(XY), when the conumer is in equilibrium ?
Answer» Solution :A consumer in consumption of TWO commodities is at equilibrium when : `MRS_(XY) = (P_(X))/(P_(Y))` Putting the given VALUES in the equilibrium CONDITION: `MRS_(XY) = (6)/(3)` `MRS_(XY) = 2`.