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A Consumer Maximizes Satisfaction at the Point Where His Subjective

Question 16

Multiple Choice

A consumer maximizes satisfaction at the point where his subjective valuation of good X measured as the amount of good Y he or she is willing to give up to obtain an additional unit of X equals


A) the slope of the indifference curve through that point.
B) one over the slope of the indifference curve through that point.
C) Px / Py.
D) Py / Px.
E) Y / Px.

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