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The Tangency Condition for the Optimal Choice for a Consumer

Question 4

Multiple Choice

The tangency condition for the optimal choice for a consumer is given by

A) MRS_x,y = P_y/P_x
B) MU_x/MU_y = 1
C) MRS_x,y = P_x/P_y
D) MU_x/MU_y = P_y/P_x

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