Multiple Choice
A consumer maximizes satisfaction at the point where his valuation of good X, measured as the amount of good Y he would willingly give up to obtain an additional unit of X, equals:
A) the magnitude of the slope of the indifference curve through that point.
B) one over the magnitude of the slope of the indifference curve through that point.
C) PX/PY
D) PY/PX
Correct Answer:

Verified
Correct Answer:
Verified
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