Economics · Consumer Behaviour
At the point of consumer equilibrium under indifference curve analysis, which of the following is NOT correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Y = (M / Py) - (Px / Py)X
- 2MRSxy = Px / Py (in absolute terms)
- 3MRSxy = MPy / Px✓
- 4PxX + PyY = M
Correct answer
MRSxy = MPy / Px
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