Choose correct option plz. Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then... The slope of the indifference curve (with good x in the horizontal axis) equals -2. The consumer spends twice as much on good x than on good y. The consumer obtains a marginal utility for good y that is twice as large as the marginal utility for good x. The slope of the budget line for goods x and y (with good x in the horizontal axis) equals -2.

Choose correct option plz. Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then... The slope of the indifference curve (with good x in the horizontal axis) equals -2. The...

Choose correct option plz.

Assume that preferences are rational and non-satiated. If the MRSx,y = 2, then...

		The slope of the indifference curve (with good x in the horizontal axis) equals -2.
		The consumer spends twice as much on good x than on good y.
		The consumer obtains a marginal utility for good y that is twice as large as the marginal utility for good x.
		The slope of the budget line for goods x and y (with good x in the horizontal axis) equals -2.

Jun 11, 2022

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