Proving which the consumer maximizes utility
Proving which the consumer maximizes utility when MRSxy =PX/ PY
True, false or uncertain "For any two goods X and Y, the consumer maximizes utility when MRSxy =PX/ PY. You must see relevant diagrams to explain your answer.
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Proving which the consumer maximizes utility when MRSxy =PX/ PY. True, false or uncertain "For any two goods X and Y, the consumer maximizes utility when MRSxy =PX/ PY. You must see relevant diagrams to explain your answer.
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Discuss the subsequent excerpt from a recent story in the Wall Street Journal (May 4, p.1). In your discussion demonstrate which you can use the concepts.
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