: The sum total of satisfaction from consuming all units of a commodity ( Marginal Utility (MU)
Find where ( MU_x / P_x = MU_y / P_y ). Check Unit 3 of X (( 30/5 = 6 )) and Unit 3 of Y (( 60/10 = 6 )). Answer: 3 units of X + 3 units of Y. Budget check: ( (3\times5) + (3\times10) = 15+30 = 45 ) (within ₹100, so consumer saves the rest or buys other goods). consumer equilibrium class 11 notes free
Consumer equilibrium is a state where a consumer achieves with their limited income and has no tendency to change their existing expenditure . In Class 11 Economics, this is studied through two primary lenses: Cardinal Utility Analysis and Ordinal Utility Analysis . 1. Fundamental Concepts : The sum total of satisfaction from consuming