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LoginState and explain the conditions of consumer's equilibrium under the indifference curve analysis
Economy Secondary School in Economy 11 months ago
e consumer's equilibrium under the indifference curve theory must meet the following TWO CONDITIONS: First: A given price line should be tangent to anindifference curve or marginal rate of satisfaction of good X for good Y (MRSXY) must be equal to the price RATIO of the two GOODS.
Posted on 20 Sep 2024, this text provides information on Economy related to Secondary School in Economy. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.
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