10) Equilibrium condition for IC analysis:
a) MRSxy = Px x Py b) MRSxy = Px
c) MRSxy = Px / Py d) MRSxy = MUx / MUy
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Both math and maths are short for the word mathematics. Math is the preferred term in the United States and Canada. Maths is the preferred term in the United Kingdom, Ireland, Australia, and other English-speaking places.
What is equilibrium condition
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