# Solution - Consumer Consumes Only Two Goods X and Y. the Marginal Rate of Substitution is 1. Prices of X and Y Are Rs 3 and Rs 4 per Unit Respectively. is the Consumer in Equilibrium? What Will Be Further Reaction of the Consumer? Give Reason. - Marginal Rate of Substitution (MRS)

Account
Register

Share

Books Shortlist
ConceptMarginal Rate of Substitution (MRS)

#### Question

consumer consumes only two goods X and Y. The Marginal Rate of Substitution is 1. Prices of X and Y are Rs 3 and Rs 4 per unit respectively. Is the consumer in equilibrium? What will be further reaction of the consumer? Give reason.

#### 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: Consumer Consumes Only Two Goods X and Y. the Marginal Rate of Substitution is 1. Prices of X and Y Are Rs 3 and Rs 4 per Unit Respectively. is the Consumer in Equilibrium? What Will Be Further Reaction of the Consumer? Give Reason. concept: Marginal Rate of Substitution (MRS). For the courses CBSE (Arts), CBSE (Commerce), CBSE (Science)
S