The Tangency Condition for the Optimal Choice for a Consumer $\mathrm { MRS } _ { x , y } = P _ { y } / P _ { x }$

question 2

True/False

The tangency condition for the optimal choice for a consumer is given by $\mathrm { MRS } _ { x , y } = P _ { y } / P _ { x }$ .

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Definitions:

Ad Hominem Fallacy

Rather than offering a counterargument, we target the character of the individual who presented the argument.

Earth is Flat

A debunked belief that the Earth is flat rather than an oblate spheroid.

Smells Funny

An informal expression indicating that something seems suspicious or not quite right.

Fallacy of Ambiguity

Debates featuring unclear expressions or careless linguistic constructions.