The consumer is in equilibrium when A) MRT = MRS. B) Px/Py=MUx/MUy C)
The consumer is in equilibrium when
A) MRT = MRS.
B) Px/Py=MUx/MUy
C) the budget line is tangent to the indifference curve at the bundle chosen.
D) All of the above.
ANSWER
D
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