Question

For a consumer, MRSxy = 4 and Px = 40 and Py = 5 Which statement suits the situation?

a) Consumer is in equilibrium

b) Consumer will consume more of good X and less of good Y

c) Consumer will consume more of good Y and less of good X

d) None of these​

Answer 1

Answer:

D because of MRSxy=4 is not interested in this question