According to IC analysis, a consumer attains equilibrium when: - Vidyadip

MCQ

According to IC analysis, a consumer attains equilibrium when:

✓
$MRS _{X Y}=\frac{P_X}{P_Y}$
B
$MRS _{ Xy }>\frac{ P _{ X }}{ P _{ Y }}$
C
$MRS _{X Y}<\frac{P_X}{P_Y}$
D
none of these

✓

Answer

Correct option: A.

$MRS _{X Y}=\frac{P_X}{P_Y}$

(a) $MRS _{X Y}=\frac{P_X}{P_Y}$

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