Economy, asked by jiyaagrawal8888, 9 months ago

why must MRS be equal to the ratio of prices of two goods. please explain detailly if possible

Answers

Answered by srivarunpc

Answer:

hello

Explanation:

Answered by Anonymous

Explanation:

MRS be equal to the ratio of prices of two goods Because they both are the points of consumer equilibrium . So , MRS must be equal to the ratio of prices of two goods at equilibrium point .

Hope it helps

Regards.

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