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  2. Topic
    Business
  3. Study Set
    Microeconomics Study Set 49
  4. Exam
    Exam 4: Consumer Choice
  5. Question
    The Tangency Condition for the Optimal Choice for a Consumer\(\mathrm { MRS } _ { x , y } = P _ { y } / P _ { x }\)
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The Tangency Condition for the Optimal Choice for a Consumer MRSx,y=Py/Px\mathrm { MRS } _ { x , y } = P _ { y } / P _ { x }MRSx,y​=Py​/Px​

Question 2

Question 2

True/False

The tangency condition for the optimal choice for a consumer is given by MRSx,y=Py/Px\mathrm { MRS } _ { x , y } = P _ { y } / P _ { x }MRSx,y​=Py​/Px​ .

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