Consider imperfect substitute goods. On a graph, we know that the optimal bundle is chosen where the in What else is true at the optimal bundle? Select all that apply. The consumer chooses a bundle where MRSxy=MRTxy. The consumer chooses a bundle where MUX/Px = MUY/Py. The consumer chooses a bundle where the marginal utility per dollar spent The consumer chooses a bundle where the marginal utility is at it's highest The consumer chooses a bundle where price per unit is minimized. The consumer chooses a bundle where MUX/MUy is maximized.
Consider imperfect substitute goods. On a graph, we know that the optimal bundle is chosen where the in What else is true at the optimal bundle? Select all that apply. The consumer chooses a bundle where MRSxy=MRTxy. The consumer chooses a bundle where MUX/Px = MUY/Py. The consumer chooses a bundle where the marginal utility per dollar spent The consumer chooses a bundle where the marginal utility is at it's highest The consumer chooses a bundle where price per unit is minimized. The consumer chooses a bundle where MUX/MUy is maximized.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 10SQ
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