1.

The necessary conditions under utility approach to attain consumer's equilibrium in case of two commodity is:

Answer»

`(MI_(X))/(P_(X)) = (MU_(Y))/(P_(Y))`
`MRS_(X) = (P_(X))/(P_(Y))`
`MU_(x) = P_(x)`
NONE of these

Answer :A


Discussion

No Comment Found

Related InterviewSolutions