Exhibit 6A-4 Consumer equilibrium Given the budget line and indifference curves shown in Exhibit 6A-4, at point D: A) Px exceeds Py. B) MRS = P_x / P_y. C) MU_x = MU_y. D) MRS = P_y / P_x.

Question

Quizplus · Accepted Answer

The Answer of Exhibit 6A-4 Consumer equilibrium Given the budget line and indifference curves shown in Exhibit 6A-4, at point D: A) Px exceeds Py. B) MRS = P_x / P_y. C) MU_x = MU_y. D) MRS = P_y / P_x.

Exhibit 6A-4 Consumer Equilibrium