Consumer — Equilibrium Class 11 Notes _top_ Free

| Units | ( MU_x ) | ( \fracMU_xP_x ) | ( MU_y ) | ( \fracMU_yP_y ) | | :---: | :---: | :---: | :---: | :---: | | 1 | 16 | 8 | 11 | 11 | | 2 | 14 | 7 | 10 | 10 | | 3 | 12 | 6 | 8 | 8 | | 4 | 10 | 5 | 6 | 6 |

A consumer will buy apples until: [ MU_x = P_x ] (Where ( MU_x ) = Marginal Utility of commodity X, and ( P_x ) = Price of X) consumer equilibrium class 11 notes free

| Units (Apples) | MU (utils) | Price (₹) | Comparison | Decision | | :---: | :---: | :---: | :---: | :--- | | 1 | 10 | 4 | MU > P (10>4) | Buy (Gain) | | 2 | 8 | 4 | MU > P (8>4) | Buy (Gain) | | 3 | 4 | 4 | | EQUILIBRIUM | | 4 | 2 | 4 | MU < P (2<4) | Don't buy (Loss) | | Units | ( MU_x ) | (