Give consumers optimum condition in case of one good/two goods using u

1.	Give consumers optimum condition in case of one good/two goods using utility approach
Answer» Solution :In case of one commodity, CONSUMER equilibrium occurs when MU(x)= Price of good x In case of 2 commodity,consumer equilibrium occurs when,MU(x)= MU(y) Law of diminishing marginal utility operates Exp, on commodity (x) + Exp. on commodity (y) = Money Income ( IMPLIED CONDITION)

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