A consumer is in equilibrium when marginal utilities are

1.	A consumer is in equilibrium when marginal utilities are
Answer» Equal A consumer is in equilibrium when MARGINAL utilities are equal. A consumer is in equilibrium when he derives maximum SATISFACTION from the goods and is in no position to rearrange his PURCHASES.

Answer»

Equal

A consumer is in equilibrium when MARGINAL utilities are equal. A consumer is in equilibrium when he derives maximum SATISFACTION from the goods and is in no position to rearrange his PURCHASES.

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A consumer is in equilibrium when marginal utilities are

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