Answer:
Marginal utility of X = 5 Price of X = Rs. 4 Marginal utility of Y = 4 Price of Y = Rs. 5 \[M{{U}_{x}}\div {{P}_{x}}=5\div 4=1.25\] \[M{{U}_{y}}\div {{P}_{y}}=4\div 5=0.8\] No, the consumer is not in an equilibrium because the marginal utility of X is more than the marginal utility of Y and to reach the equilibrium level, the consumer should increase the consumption of good X and decrease the consumption of good Y.
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