Consumer Equilibrium Class 11 Notes Free ~repack~ May 2026

MUxPx=MUyPy=MUm (Marginal Utility of Money)[0.5.7,0.5.14]the fraction with numerator cap M cap U sub x and denominator cap P sub x end-fraction equals the fraction with numerator cap M cap U sub y and denominator cap P sub y end-fraction equals cap M cap U sub m (Marginal Utility of Money) open bracket 0.5 .7 comma 0.5 .14 close bracket 2. Ordinal Utility Approach (Hicks & Allen)

Suppose Price of 1 Apple = ₹4. MU schedule is given. consumer equilibrium class 11 notes free

A consumer is an economic agent who purchases goods and services to satisfy their wants. MUxPx=MUyPy=MUm (Marginal Utility of Money)[0

by spending their limited income on goods and services, with no desire to change their current spending pattern. 1. Key Approaches to Consumer Equilibrium A consumer is an economic agent who purchases

| Units | ( MU_x ) | ( MU_x / P_x ) | ( MU_y ) | ( MU_y / P_y ) | | :--- | :--- | :--- | :--- | :--- | | 1 | 20 | 5 | 16 | 8 | | 2 | 16 | 4 | 14 | 7 | | 3 | 12 | 3 | 12 | 6 | | 4 | 8 | 2 | 10 | 5 | | 5 | 4 | 1 | 8 | 4 |