Economics · Consumer Equilibrium
At the point of consumer equilibrium using indifference curve analysis, which of the following conditions must be satisfied?
- 1MRSXY = PX
- 2MRTSLK = PLPK
- 3MRSXY = MRTSLK
- 4MRSXY = PXPY✓
Correct answer
MRSXY = PXPY
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