# Solution - Marginal Rate of Substitution (MRS)

Account
Register

Share

Books Shortlist

#### 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?

#### Similar questions VIEW ALL

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

view solution

A consumer consumes only two goods X and Y. The Marginal Rate of Substitution is 2. Prices per unit of X and Y are Rs 5 and Rs 4 respectively. Is consumer in equilibrium? What will be the further reaction of the consumer? Give reasons.

view solution
Solution for concept: Marginal Rate of Substitution (MRS). For the courses 12th CBSE (Arts), 12th CBSE (Commerce), 12th CBSE (Science)
S