The rate at which a consumer must give up y to get one more x is equal to A)-P_x/P_y. B)-P_y/P_x. C)-MU_x/MU_Y D)MU_y/MU_x.

Name: The rate at which a consumer must give up y to get one more x is equal to A)-P x /P y . B)-P y /P x . C)-MU x /MU Y D)MU y /MU x .
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Question

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The rate at which a consumer must give up y to get one more x is equal to the negative of the slope of the indifference curve, which is equal to -P_x/P_y.

The Rate at Which a Consumer Must Give Up Y