A consumer consumes only two goods X and Y whose prices are Rs.5 and Rs.4 respectively.
Channel: Doubtnut
Date: 2020-03-29

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.