When a consumer is at equilibrium, the MRSxy is equal to the
A. sum of the prices
B. product of the two prices
C. ratio of the two prices
D. difference of the two prices
Correct Answer:
Option A – sum of the prices
When a consumer is at equilibrium, the MRSxy is equal to the
A. sum of the prices
B. product of the two prices
C. ratio of the two prices
D. difference of the two prices
Correct Answer:
Option A – sum of the prices
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