Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃are indifference curves. At point K, A) MU_x= MU_y. B) MRS = P_x/P_y. C) MRS = P_y/P_x. D) P_xexceeds P_y.

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The Answer of Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃are indifference curves. At point K, A) MU_x= MU_y. B) MRS = P_x/P_y. C) MRS = P_y/P_x. D) P_xexceeds P_y.

Refer to the Diagram, Where Xy Is the Relevant Budget