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Other Fields Homework Help Economics Topic started by: nakungth on Oct 24, 2017



Title: You may consume ice cream or frozen yogurt, and ice cream consumption is plotted along the ...
Post by: nakungth on Oct 24, 2017
You may consume ice cream or frozen yogurt, and ice cream consumption is plotted along the horizontal axis of your indifference map.  The prices are denoted PY for frozen yogurt and PIC for ice cream.  Under what condition will you only consume frozen yogurt?
A) MRS is greater than PIC/PY
B) MRS is less than  PIC/PY
C) MRS  is less than PY/PIC
D) MRS is infinite


Title: Re: You may consume ice cream or frozen yogurt, and ice cream consumption is plotted along the ...
Post by: boransal on Oct 24, 2017
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Title: Re: You may consume ice cream or frozen yogurt, and ice cream consumption is plotted along the ...
Post by: nakungth on Aug 15, 2018
Thanks, very pleased with your answer