How does a consumer attain equilibrium given the utility function u(x, – InterviewSolution

1.	How does a consumer attain equilibrium given the utility function u(x,y) the budget constraint?
Answer» onsumer aims at a spending his income in a way that GIVES him maximum SATISFACTION. When a consumergets maximum satisfaction from his expenditure, he is said to be in equilibrium CONSUMER's equilibrium MEANS maximum satisfaction level consumer can attain atgiven income and prices.

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