# Solution - A Consumer Consumes Only Two Goods X and Y. Marginal Rate of Substitution is 3 and per Unit Prices of X and Y is Rs 4 and Rs 2 Respectively. is the Consumer in Equilibrium? What Will Be the Further Reaction of the Consumer? Give Reasons - Marginal Rate of Substitution (MRS)

Account
Register

Share

Books Shortlist

#### Question

A consumer consumes only two goods X and Y. Marginal rate of substitution is 3 and per unit prices of X and Y is Rs 4 and Rs 2 respectively. Is the consumer in equilibrium? What will be the further reaction of the consumer? Give reasons

#### Solution

You need to to view the solution
Is there an error in this question or solution?

#### Appears in these question papers

Solution for question: A Consumer Consumes Only Two Goods X and Y. Marginal Rate of Substitution is 3 and per Unit Prices of X and Y is Rs 4 and Rs 2 Respectively. is the Consumer in Equilibrium? What Will Be the Further Reaction of the Consumer? Give Reasons concept: Marginal Rate of Substitution (MRS). For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
S