Managerial economics

Submitted to:-
Prof.nishchay upmannyu
Submitted by:-
Nisha shrivas
Riya sharma
priyanka
Consumer equilibrium means
a situation under which he
spends his given income on
purchase of a commodity in
such a way that gives him
maximum utility and he
feels no urge to change.
1. . consumer’s equilibrium in
case of a single commodity
through utility approach.

2. Consumer’s equilibrium in
case of a two commodities
A consumer purchasing a
single commodity will be
at equilibrium,when he
buy such a quantity of
that commodity which
gives his maximum
satisfaction to the
consumer.
The number of units to be
consumed of the given
commodity by a consumer
depends on two factors:-
Price of the given
commodity.
Expected utility(marginal
utility)from each successive
unit