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smitch6 smitch6
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6 years ago
A consumer maximizes satisfaction at the point where his subjective valuation of good X measured as the amount of good Y he or she is willing to give up to obtain an additional unit of X equals
A) the slope of the indifference curve through that point.
B) one over the slope of the indifference curve through that point.
C) Px / Py.
D) Py / Px.
E) Y / Px.
Textbook 
Macroeconomics, Canadian Edition

Macroeconomics, Canadian Edition


Edition: 5th
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6 years ago
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