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Whenever a Consumer Purchases Good X but Not Good Y

Question 12

Multiple Choice

Whenever a consumer purchases good X but not good Y, then


A) MRSXY >= PX/PY at the chosen bundle
B) MRSXY <= PX/PY at the chosen bundle
C) MRSXY = PX/PY at the chosen bundle
D) MRSXY = -PX/PY at the chosen bundle

Correct Answer:

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