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)
Correct Answer:
Verified
Correct Answer:
Verified
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