ttttena9 ttttena9
  • 11-06-2021
  • Business
contestada

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

Respuesta :

VevaTaamneh
VevaTaamneh VevaTaamneh
  • 11-06-2021

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

Answer Link

Otras preguntas

John Muir's "The Calypso Borealis" is an example of a(n)
please help the temperature in degrees fahrenheit can be estimated by counting the number of times a cricket chirps in one minute write an algebraic expression
But how is is it 1 hour and 45 minutes(someone please respond this is due tomorrow)I need work
(1) My favorite time of the day is right before bed. (2) I climb under the covers and feel good. (3) I open an interesting book and read a few pages until my ey
Bakery a sells bread for $2 per loaf that costs $0.50 per loaf to make. bakery a gives a 70% discount for its bread at the end of the day. what is the salvage v
How many distinct permutations are there of the letters of the word BOOKKEEPER? There are __[blank]__ distinct permutations of the letters of the word BOOKKEEPE
Whats the answer i sont know it
how did the institution of slavery die?
You scored the following grades on your first three math tests: 71, 78, 81. You only have one test remaining. What is the highest possible test average you can
(4+8r^5) - (4r^5 + 2)