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corie corie
wrote...
Posts: 767
7 years ago
When Joe maximizes utility, he finds that his MRS of X for Y is greater than Px/Py.  It is most likely that:
A) Joe's preferences are incomplete.
B) Joe's preferences are irrational.
C) Joe is not consuming good X.
D) Joe is not consuming good Y.
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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7 years ago
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