Equilibrium of the Consumer (With Equations)
In this article we will discuss about:- 1. The Assumptions Equilibrium of the Consumer 2. Determination of the Equilibrium Purchase Plan 3. First-Order or Necessary Condition for Consumer Equilibrium 4. Economic Interpretation of the First-Order Conditions for Consumer Equilibrium 5. The Second-Order or Sufficient Condition for Consumer Equilibrium 6. Consumer Equilibrium – the Stability Considerations. The Assumptions Equilibrium of the [...]