• Rani Begam

The solution to the problem of maximizing fuzzy utility function subject to a traditional budget constraints yields an optimum consumption equilibrium. We define a nonfuzzy budget set as a subset in the commodity space bounded by the price line and the consumer’s initial endowments. In this paper, we through light on the conditions for obtaining consumption equilibriums. For expositional purpose, we confine the analysis to a simple case of two commodities, labor service and wheat.

optimum consumption equilibrium, -consumption equilibrium point, u-consumption equilibrium point, nonfuzzy budget.

"OPTIMUM CONSUMPTION EQUILIBRIUM ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 12, page no.974-976, December-2019, Available :http://www.jetir.org/papers/JETIR1912132.pdf

"OPTIMUM CONSUMPTION EQUILIBRIUM ", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 12, page no. pp974-976, December-2019, Available at : http://www.jetir.org/papers/JETIR1912132.pdf