Please answer question number 11

Please answer question number 11 11. A consumer consumes only two goods X and Y. Explain the conditions of consumer's equilibrium using Utility Analysis. 12. Draw Average Variable Cost (AVC), Average Total Cost (ATC) and Marginal Cost (MC) curves ina single diagram. State the relation between MC curve and AVC & ATC curves. 6

Dear student
The conditions of consumer equilibrium in case of two goods has been explicitly covered in our study material. You can find it in Microeconomics- Theory of Consumer Behaviour (Lesson 1) under the heading of 'Consumer's Equilibrium in Case of Many Commodities- Two Goods Case' of our study material.
Refer the following link - 
https://www.meritnation.com/cbse-class-12-commerce/economics/introductory-microeconomics/theory-of-consumer-behaviour/studymaterial/59_16_338_1981_5803
Regards

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