In an economy which produces two goods X and Y, using two inputs L and
In an economy which produces two goods X and Y, using two inputs L and K, efficient input use occurs when
A) MRTSLKX = MRSLKY
B) MRTXY = MRSXY
C) MRSX/PX = MRSY/PY
D) MRTSLKX = MRTSLKY
ANSWER
D
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