why would a consumer of 2goods be in equilibrium position if the marginal rate of substitution is equal to ratio of prices of the two goods
1
Expert's answer
2020-11-20T09:29:09-0500
This means according to his budget the product pricing need to adjust, so that he doesn't need to delay or forfeit his consumption, so that he won't be denied his welfare to instability.
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
Finding a professional expert in "partial differential equations" in the advanced level is difficult.
You can find this expert in "Assignmentexpert.com" with confidence.
Exceptional experts! I appreciate your help. God bless you!
Comments
Leave a comment