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The Tangency Condition for the Optimal Choice for a Consumer MRSx,y=Px/Py\mathrm { MRS } _ { x , y } = P _ { x } / P _ { y }

Question 16

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

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