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-(Exhibit: Consumer Equilibrium 2) Given the Exhibit, Which of the Following

Question 215

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-(Exhibit: Consumer Equilibrium 2) Given the exhibit, which of the following statements is (are) true? A) Point I is the point of utility maximization. B) At the point of utility maximization, the rate at which the consumer is willing to exchange one good for another is less than the rate at which the goods can be exchanged in the market. C) MRS<sub>x,y</sub> > P<sub>x</sub>/P<sub>y </sub> D) All of the above statements are true.
-(Exhibit: Consumer Equilibrium 2) Given the exhibit, which of the following statements is (are) true?


A) Point I is the point of utility maximization.
B) At the point of utility maximization, the rate at which the consumer is willing to exchange one good for another is less than the rate at which the goods can be exchanged in the market.
C) MRSx,y > Px/Py
D) All of the above statements are true.

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