If the slope of the indifference curve is steeper than the slope of the budget line and
x is on the horizontal axis:___.
A. MRS<-PX/PY
B. The consumer is willing to give up more of good Y to get an additional
unit of good X than is necessary under the current market prices.
C. The consumer is willing to give up more of good X to get an additional unit of good Y than is necessary under the current market prices
D. MRS < Px/Py

Question

04-07-2024
Business

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If the slope of the indifference curve is steeper than the slope of the budget line and
x is on the horizontal axis:___.
A. MRS<-PX/PY
B. The consumer is willing to give up more of good Y to get an additional
unit of good X than is necessary under the current market prices.
C. The consumer is willing to give up more of good X to get an additional unit of good Y than is necessary under the current market prices
D. MRS < Px/Py

Sagot :

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