Commerce Exam  >  Commerce Questions  >  A consumer consumes only two goods X & Y. The... Start Learning for Free
A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain?
Most Upvoted Answer
A consumer consumes only two goods X & Y. The Marginal utilities of X&...
And Y. The consumer's preferences can be represented by the utility function U(X, Y) = X^0.5 * Y^0.5. The consumer's income is $1000 and the prices of X and Y are $4 and $2 respectively. How much of each good will the consumer consume in order to maximize utility?
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain?
Question Description
A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain?.
Solutions for A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? defined & explained in the simplest way possible. Besides giving the explanation of A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain?, a detailed solution for A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? has been provided alongside types of A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? theory, EduRev gives you an ample number of questions to practice A consumer consumes only two goods X & Y. The Marginal utilities of X&Y are 5 &4 respectively. The prices of X & Y are rs. 4 and rs.5 per unit respectively. Is the consumer in equilibrium? What will be the further reaction of consumer? Explain? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev