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rs equilibrium 4

After reaching such a position, there will be no incentive for the producer to increase or decrease the output and the producer will be said to be at equilibrium. Thus, utility is considered a cardinal concept. 4. From the table, we can say that the consumer gets marginal utility equal to Rs. $ M $ = Maximum ability damage 3. In Fig. equilibrium: The state of a reaction in which the rates of the forward and reverse reactions are the same. Likewise, if the marginal utility of X is less than its price (MUX P and at any point below E, MU

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