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An Individual Consumes Only Two Goods, X and Y

Question 44

Multiple Choice

An individual consumes only two goods, X and Y. Which of the following expressions represents the utility maximizing market basket?


A) MRSxy is at a maximum.
B) PX/PY = money income.
C) MRSxy = money income.
D) MRSxy = PX/PY.
E) all of the above

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