Consumer Equilibrium Class 11 Notes — Free !!top!!

Shows all combinations of two goods a consumer can afford with their given income and prices. Conditions for Equilibrium:

The additional utility derived from the consumption of one more unit of a commodity. It is calculated as: consumer equilibrium class 11 notes free

A consumer consumes only two goods X and Y. The price of X is ₹5 per unit and the price of Y is ₹10 per unit. The consumer’s income is ₹100. The Marginal Utility schedule is as follows: Shows all combinations of two goods a consumer