hoose correct option plz. Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then... The slope of the indifference curve (with good x in the horizontal axis) equals -2. The consumer spends twice as much on good x than on good y. The consumer obtains a marginal utility for good y that is twice as large as the marginal utility for good x. The slope of the budget line for goods x and y (with good x in the horizontal axis) equals -2.
hoose correct option plz. Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then... The slope of the indifference curve (with good x in the horizontal axis) equals -2. The consumer spends twice as much on good x than on good y. The consumer obtains a marginal utility for good y that is twice as large as the marginal utility for good x. The slope of the budget line for goods x and y (with good x in the horizontal axis) equals -2.
Chapter10: Consumer Choice Theory
Section: Chapter Questions
Problem 6P
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Choose correct option plz.
Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then...
The slope of the indifference curve (with good x in the horizontal axis) equals -2. |
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The consumer spends twice as much on good x than on good y. |
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The consumer obtains a |
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The slope of the budget line for goods x and y (with good x in the horizontal axis) equals -2. |
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