Multiple Choice
Refer to the diagram, where xy is the relevant budget line and I₁, I₂, and I₃ are indifference curves. At point K,
A) MU x = MU y.
B) MRS = Pₓ / Pᵧ .
C) MRS = Pᵧ / Pₓ .
D) Pₓ exceeds Pᵧ .
Correct Answer:
Verified
Correct Answer:
Verified
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