The mathematical representation of a consumer's equilibrium is: ΟΑ ΔΥ2 ΔΥΝ ΟΒ ΔΥ2 ΔΥΝ OC = MU MRS = = TU P1 P2 OD. MRS = MU

Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter21: The Theory Of Consumer Choice
Section: Chapter Questions
Problem 3CQQ
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The mathematical representation of a consumer's equilibrium is:
Ο Α. ΔΥ2
ΔΥΝ
Ο Β. ΔΥ2
OC
ΔΥΝ
= MU
· = TU
P1
P2
Ο D. MRS = MU
MRS =
Transcribed Image Text:The mathematical representation of a consumer's equilibrium is: Ο Α. ΔΥ2 ΔΥΝ Ο Β. ΔΥ2 OC ΔΥΝ = MU · = TU P1 P2 Ο D. MRS = MU MRS =
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