At the Equilibrium Consumption Bundle,which of the Following Holds

question 7

Multiple Choice

At the equilibrium consumption bundle,which of the following holds?

• A) MRS_X,Y = P_X /P_Y.
• B) MRS_X,Y = −P_X /P_Y.
• C) MRS_X,Y = −P_Y /P_X.
• D) MRS_X,Y = P_Y /P_X.

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Definitions:

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An influential African-American sociologist, historian, and civil rights activist known for his leadership in the Niagara Movement and co-founding the NAACP.

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A legal doctrine that justified and permitted racial segregation, claiming that services could be separate by race as long as they were equal in quality.