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Given that income of a consumer is Rs.80...

Given that income of a consumer is Rs.80, price of x=Rs.10 per unit and price of y=Rs.10 per unit. Find consumer's equilibrium.

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He should buy 2 units of x and 6 units of y as here both the conditions are satisfied
Condition I =`MU_x=MU_y=Rs.10`
Condition II =`P_1x_1+P_2x_2=M`
=(10 x 2 =Rs.20)+(10 x 6 =Rs.60)=Rs.20+Rs.60=Rs.80
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