State the condition of consumer's equilibrium. - Vidyadip

Question

State the condition of consumer's equilibrium.

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Answer

A consumer strikes his equilibrium when rupee worth of marginal utility actually received by the consumer is equal to marginal utility of money (rupee worth of satisfaction that the consumer wishes to get.
$\left.\frac{ MU _{ X }}{ P _{ X }}=M U _{ M }\right]$

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