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At the point of tangency of an indifference curve with a budget line:

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Question:

At the point of tangency of an indifference curve with a budget line:

A.

MRSxy =Px/Py

B.

MRSxy>Px/PY

C.

MRSxy<Px/PY

D.

MRSxy≥Px/PY

Answer» a. MRSxy =Px/Py

Note: The above multiple-choice question is for all general and Competitive Exams in India.