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Ostrovityanka [42]
3 years ago
14

How do you derive consumer equilibrium is the cardinal utility approach​

Business
1 answer:
solniwko [45]3 years ago
7 0

Answer:

According to utility analysis, the consumer will be in equilibrium when he is spending money on goods in such a way that the marginal utility of each good is proportional to its price. Let us assume that, in his equilibrium position, consumer is buying q1 quantity of a good X at a price P1.

Explanation:

please mark as brainliest

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