Solved

The Tangency Condition for the Optimal Choice for a Consumer MUx/MUy=1\mathrm { MU } _ { x } / \mathrm { MU } _ { y } = 1

Question 27

True/False

The tangency condition for the optimal choice for a consumer is given by MUx/MUy=1\mathrm { MU } _ { x } / \mathrm { MU } _ { y } = 1 .

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions