For the Consumer to Be at an Optimum,it Must Be

question 30

Multiple Choice

For the consumer to be at an optimum,it must be the case that

• A) MRSc,c' =
• B) MRSc,c' = (1 + r)
• C) MRTc,c' =
• D) MRTc,c' = (1 + r)

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Definitions:

Experiments

Scientific procedures carried out to make a discovery, test a hypothesis, or demonstrate a known fact.

Causal Explanations

The identification of causes or reasons that explain why something happens or exists.

Descriptions

The act of giving a detailed account or explanation of something in words.

Validity

The extent to which a test, measurement, or research study accurately reflects or assesses the specific concept it is intended to measure.