The rate at which a consumer must give up y to get one more x is equal to
A) -Pₓ/Pᵧ.
B) -Pᵧ/Pₓ.
C) -MUₓ/MUᵧ.
D) MUᵧ/MUₓ.

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

Quizplus · Accepted Answer

The rate at which a consumer must give up y to get one more x is equal to the negative of the ratio of the price of x to the price of y, which is -Pₓ/Pᵧ.

The Rate at Which a Consumer Must Give Up Y