Write true or false with a reason-A situation when MRSXY - PX-PY is better than when MRSXY - PX-PY-

The correct option is B FalseFalse. A consumer attains his equilibrium only when: #160;MRS_XY = P_X/P_Y #160;given the constraint of his budget, as wel ...

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Standard X

Mathematics

Elimination Method of Finding Solution of a Pair of Linear Equations

Write true or...

Question

Write true or false with a reason:
A situation when $M R S_{X Y} > \frac{P_{X}}{P_{Y}}$ is better than when $M R S_{X Y} = \frac{P_{X}}{P_{Y}}$ .

True

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False

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Solution

The correct option is B False
False. A consumer attains his equilibrium only when: $M R S_{X Y} = \frac{P_{X}}{P_{Y}}$ given the constraint of his budget, as well as the prices of Goods X and Y. It is a point of maximum satisfaction. No other situation offers as much satisfaction as this.

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Similar questions

Write true or false with a reason:

A consumer strikes his equilibrium when:

M R S_{X Y} = \frac{P X}{P Y}

MRSXY=PXPY.

Q. In a situation when

P_{X}

and

P_{Y}

are constant, and

M R S_{X Y} > \frac{P_{X}}{P_{Y}}

, the consumer will get greater satisfaction than when

M R S_{X Y} = \frac{P_{X}}{P_{Y}}

. It is true?

Write true or false with a reason:

When

M R S_{X Y} < \frac{P_{X}}{P_{Y}}

, the consumer reaches the point of equilibrium only when the consumption of

X

increases and of

Y

decreases.

Q.
A situation when

\frac{P_{X}}{P_{Y}} > \frac{M U_{X}}{M U_{Y}}

is better than when

\frac{P_{X}}{P_{Y}} = \frac{M U_{X}}{M U_{Y}}

Q. Find the number of nonbonding molecular orbital(s) from the following (If x is inter nuclear axis) :

s + p_{y}, p_{y} + p_{y}, p_{x} + p x, d_{x y} + s, d x y + p_{x}, p_{y} + p_{x}

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Write true or false with a reason:A situation when MRSXY>PXPY is better than when MRSXY=PXPY.

The correct option is B FalseFalse. A consumer attains his equilibrium only when: MRSXY=PXPY given the constraint of his budget, as well as the prices of Goods X and Y. It is a point of maximum satisfaction. No other situation offers as much satisfaction as this.

Write true or false with a reason:
A situation when $M R S_{X Y} > \frac{P_{X}}{P_{Y}}$ is better than when $M R S_{X Y} = \frac{P_{X}}{P_{Y}}$ .

The correct option is B False
False. A consumer attains his equilibrium only when: $M R S_{X Y} = \frac{P_{X}}{P_{Y}}$ given the constraint of his budget, as well as the prices of Goods X and Y. It is a point of maximum satisfaction. No other situation offers as much satisfaction as this.