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0. Consumer attains equilibrium when he maximizes his utility, given his income and market price of two product of(i) The marginal rate of substitution be equal to the ratio of commodity price i.e. MRSxy = MUx / MUy = Px /Py(ii) An indifference curve is convex to the origin.
Only (i) is true
Only (ii) is true
Both (i) and (ii) are true
Neither (i) nor (ii) are true.
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