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Exhibit 6A-3 Consumer Equilibrium

Question 101

Multiple Choice

Exhibit 6A-3 Consumer equilibrium
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Exhibit 6A-3 Consumer equilibrium ​ Given the budget line and indifference curves shown in Exhibit 6A-3, at point Z: A) P<sub>x</sub> exceeds P<sub>y</sub>. B) MU<sub>x</sub> = MU<sub>y</sub>. C) MRS = P<sub>x</sub> / P<sub>y</sub>. D) MRS = P<sub>y</sub> / P<sub>x</sub>.
Given the budget line and indifference curves shown in Exhibit 6A-3, at point Z:


A) Px exceeds Py.
B) MUx = MUy.
C) MRS = Px / Py.
D) MRS = Py / Px.

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