Consumer Equilibrium Class 11 Notes Free Upd -

Try (MU/P = 7) and 2 units of Y (MU/P = 5.5) → Still unequal.

TU=U1+U2+U3+…+UnTU equals cap U sub 1 plus cap U sub 2 plus cap U sub 3 plus … plus cap U sub n consumer equilibrium class 11 notes free

Assumes utility can be measured in numerical units called "utils". Try (MU/P = 7) and 2 units of Y (MU/P = 5

Px⋅X+Py⋅Y=Mcap P sub x center dot cap X plus cap P sub y center dot cap Y equals cap M Slope of the Budget Line consumer equilibrium class 11 notes free