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nakungth nakungth
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Posts: 1175
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7 years ago
A competitive equilibrium is efficient in the production and exchange of two goods X and Y when
A) MRSXY = MRTLK (where L = labor input and K = capital input).
B) MRTXY = MRSLK (where L = labor input and K = capital input).
C) MRSXY = MRTXY.
D) MCX/MCY = PY/PX.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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wrote...
7 years ago
C
nakungth Author
wrote...
6 years ago
Thank you!
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