Y(PPy)1X19. At point W in the figure above,a. MCx/MCy>Px/Pyb. MUx/MUy>Px/Pyс. МСхМСу Рx Руd. MUx/MUyPx/Pyс. МСхМСуРxРуd. MUx/MUy

Slope of the Budget line=Px/Py Slope of the IC=MUx/MUy (It is a concave shaped IC)

Answered: 19. At point W in the figure above, а.…

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19. At point W in the figure above, а. МСхМСу Рx Ру b. MUx/MUy>Px/Py c. MCx/MCyPx/Py

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Y
(PPy)1
X
19. At point W in the figure above,
a. MCx/MCy>Px/Py
b. MUx/MUy>Px/Py
с. МСхМСу Рx Ру
d. MUx/MUy<Px/Py
20. At point Z in the figure above,
а. МСxМСу РxРу
b. MUx/MUy>Px/Py
с. МСхМСуРxРу
d. MUx/MUy<Px/Py

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