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    Principles of Economics Study Set 5
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    Exam 21: The Theory of Consumer Choice
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    Figure 21-17 -Refer to Figure 21-17.Bundle C Represents a Point Where
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Figure 21-17 -Refer to Figure 21-17.Bundle C Represents a Point Where

Question 225

Question 225

Multiple Choice

Figure 21-17 Figure 21-17   -Refer to Figure 21-17.Bundle C represents a point where A)  MRS<sub>xy</sub> > P<sub>y</sub>/P<sub>x</sub>. B)  MRS<sub>xy</sub> = P<sub>x</sub>/P<sub>y</sub>. C)  MRS<sub>xy</sub> < P<sub>x</sub>/P<sub>y</sub>. D)  MRS<sub>xy</sub> > P<sub>x</sub>/P<sub>y</sub>.
-Refer to Figure 21-17.Bundle C represents a point where


A) MRSxy > Py/Px.
B) MRSxy = Px/Py.
C) MRSxy < Px/Py.
D) MRSxy > Px/Py.

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