Economics · Microeconomics
Which of the following represents the correct mathematical condition for consumer equilibrium under indifference curve analysis?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1MRS xy = P x +P y I
- 2MRS xy = P x P y
- 3MRS xy = P y P x✓
- 4MRS xy =P x ⋅P y
Correct answer
MRS xy = P y P x
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