When a consumer is at equilibrium, the MRSxy is equal to the

Economics

JAMB 2011

When a consumer is at equilibrium, the MRS_xy 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

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Correct Answer: Option A

Explanation

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When a consumer is at equilibrium, the MRSxy is equal to the

Correct Answer: Option A

Explanation

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