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Which of the Following Equations Corresponds to an Optimal Choice

Question 495

Multiple Choice

Which of the following equations corresponds to an optimal choice point? (i)
MRS = PX/PY
(ii)
MUX/MUY = PX/PY
(iii)
MUX/PX = MUY/PY
(iv)
MUX/PY = MUY/PX


A) (i) only
B) (i) , (ii) , and (iii) only
C) (ii) and (iv) only
D) (i) , (ii) , (iii) , and (iv)

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