Solved: If the quantity of good X is again measured on the horizontal axis and the
Chapter 0, Problem 5(choose chapter or problem)
If the quantity of good X is again measured on the horizontal axis and the quantity of good Y is measured on the vertical axis, which of the following is true? The optimal consumption bundle is found where a. MUX MUY = PX PY . b. the slope of the indifference curve equals the slope of the budget line. c. the indifference curve is tangent to the budget line. d. MUX PX = MUY PY . e. all of the above are true.
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