What is the formula of consumers equilibrium in case of two goods

1.	What is the formula of consumers equilibrium in case of two goods
Answer» ANSWER: A CONSUMER when consuming a single COMMODITY (suppose X) is at EQUILIBRIUM if MUX/PX = MUM. Similarly, a consumer consuming another product (assume Y) is at equilibrium if MUY/PY = MUM. By equating the above two equations, it is found that MUX/PX = MUY/PY = MUM. Hope it helps u !

Answer»

A CONSUMER when consuming a single COMMODITY (suppose X) is at EQUILIBRIUM if MUX/PX = MUM. Similarly, a consumer consuming another product (assume Y) is at equilibrium if MUY/PY = MUM. By equating the above two equations, it is found that MUX/PX = MUY/PY = MUM.

Hope it helps u !

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What is the formula of consumers equilibrium in case of two goods

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