Question

In general, given the "usual"shaped indifference curves, the point of utility maximization occurs where: Select one:...

In general, given the "usual"shaped indifference curves, the point of utility maximization occurs where:

Select one:

a. the indifference curve crosses the budget constraint

b. the MRS of X for Y is equal to PX/ PY

c. the MRS of X for Y is equal to PY/ PX

d. the MRS of X for Y is equal to MUy/MUx

Homework Answers

Answer #1

Option b) the mrs of x for y is equal to Px/Py (is correct) please give likes to support quality of answers

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