Explain why an MRS between two goods must equal the ratio of the price of the goods

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Explain why an MRS between two goods must equal the ratio of the price of the goods for the consumer to achieve maximum satisfaction.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:14 AM

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Explain why an MRS between two goods must equal the ratio of the price of the goods

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The MRS describes the rate at which the consumer is willing to trade off one good for another to mai...View the full answer

Microeconomics

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