MCQ
According to $IC$ analysis, a consumer attains equilibrium when:
  • $\text{MRSxy}=\frac{\text{Px}}{\text{Py}}$
  • B
    $\text{MRSxy} > \frac{\text{Px}}{\text{Py}}$
  • C
    $\text{MRSxy} < \frac{\text{Px}}{\text{Py}}$
  • D
    $\text{None of these}$

Answer

Correct option: A.
$\text{MRSxy}=\frac{\text{Px}}{\text{Py}}$

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