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Refer to the Diagram, Where Xy Is the Relevant Budget

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Refer to the diagram, where xy is the relevant budget line and I1, I2, and I3 are indifference curves. At point K, Refer to the diagram, where xy is the relevant budget line and I<sub>1</sub>, I<sub>2</sub>, and I<sub>3</sub><sub> </sub>are indifference curves. At point K,   A)  MU<sub>x</sub><sub> </sub>= MU<sub>y</sub>. B)  MRS = P<sub>x</sub>/P<sub>y</sub>. C)  MRS = P<sub>y</sub>/P<sub>x</sub>. D)  P<sub>x</sub><sub> </sub>exceeds P<sub>y</sub>.


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