The consumer's optimum choice is represented by
A) MUx/MUy = Px/Py.
B) MUx/Px = MUy/Py.
C) MRSxy = Px/Py.
D) All of the above are correct.
Correct Answer:
Verified
Q140: Figure 21-18 Q143: The relationship between the marginal utility that Q144: The consumer's optimum is where Q148: At the consumer's optimum Q148: Which of the following equations corresponds to Q158: At the consumer's optimum the Q163: An optimizing consumer will select the consumption Q164: An optimizing consumer will select a consumption Q176: If the consumer's income and all prices Q177: An optimizing consumer will select the consumption
A) MUx/MUy =
A) the budget constraint
A) budget constraint
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