0
Consumers achieve equilibrium when they maximize their utility given their budget constraints. This occurs at the point where the marginal utility per dollar spent on each good is equal, meaning that consumers allocate their resources in a way that no reallocation can increase their overall satisfaction. In essence, they balance their consumption choices to achieve the highest possible level of satisfaction without exceeding their budget.
What else can I help you with?
What is equilibirium price?
When demand price = supply price
What is second condition of equilibirium?
The second condition of static equilibrium states that the net torque cannot be equal to zero
Is metrre rule balanced edgewise on the wedge in stable equilibirium?
Yes, a meter rule balanced edgewise on a wedge can achieve stable equilibrium. If the center of mass of the meter rule is directly above the point of contact with the wedge, the system will be in stable equilibrium. Additionally, the gravitational force and normal force acting on the system need to be balanced to maintain equilibrium.
Why are there more products than reactants after establishing equilibirium?
When a reaction reaches equilibrium, it means the rates of the forward and reverse reactions are equal. If there are more products present than reactants at equilibrium, it suggests that the equilibrium position favors the formation of products over reactants. This could be due to factors such as temperature, pressure, concentration, or the nature of the reaction itself.
What is a sentence for the world achieve?
No one can achieve without hard work.The runner wanted to achieve a top ranking for his school.
What is the future tense of achieve?
Will achieve.
What was a common disagreement within the community of African American leaders?
How to achieve equality
What are stakeholders trying to achieve?
they are trying to achieve
What part of grammar is achieve achieving?
achieve is a verb. Its forms are achieve achieves achieved achieving
What is the suffix for achieve?
The suffix for achieve is "-ment", so when added to achieve, it becomes "achievement".
Which one is spelt right - achieve or achieve?
The correct way to spell the word is achieve.Some example sentences are:What are you trying to achieve exactly?We will achieve victory against our enemies.She always strived to achieve the best she could.
A firm can achieve equilibrium when its?
a firm can achieve equilibrium when its?
