Question

what happened if muy/py is greater than mux/px​

Answer 1

Answer:

If MUx / Px is greater than MUy / Py, then the consumer will substitute good 'x' for good 'y'. As a result the marginal utility of good 'x' will fall. ... The consumer is in equilibrium in respect of the purchases of goods 'x' and 'y' when: MUx = MUy Where MU is Marginal Utility and P equals Price Px Py.

Answer 2

Answer:

$| \beta > \ \alpha |$

Explanation:

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