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nakungth nakungth
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6 years ago
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
Textbook 
Microeconomics

Microeconomics


Edition: 8th
Author:
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boransalboransal
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6 years ago
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nakungth Author
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#2
5 years ago
Thanks, very pleased with your answer
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