A consumer consumes only two goods X and Y whose prices are Rs.5 and Rs.4 respectively. If the consumer chooses a combination of the two goods with marginal utility of X equal to 4 and that of Y equal to 5, is the consumer in equilibrium ? Why or why not what will a rational consumer do in this situation ? Use utility analysis.

A consumer consumes only two goods X and Y whoose prices are Rs 2 and Rs 1 per unit respectively. If the consumer chooses a combination of the two goods with marginal utility of X being 4 and that of Y also being 4, is the comsumer in equilibrium ? Give reason. Explain what will a rational consumer do in this situation. Use Marginal Utility Analysis.

A consumer consumes only two goods X and Y, both priced at Rs 2 per unit. If the consumer chooses a combination of the two goods with marginal rate of substitution equal to 2, is the consumer in equilibrium ? Why or why not ? What will a rational consumer do in this situation ? Explain.

A consumer consumes only two goods X and Y both priced at Rs.2 per unit. If the consumer chhooses a combination of the two goods with Marginal Rate of Substitution equal to 2, is the consumer in equilibrium ? Why or why not ? What will a rational consumer do in this situation ? Explain.