In an economy of two individuals (A u0026 B) and two commodities (X an – McqOptions

MCQOPTIONS

1.	In an economy of two individuals (A u0026 B) and two commodities (X and Y) general equilibrium of exchange is reached when
A.	MRTSXY = MRTSYX
B.	MRSXY = PX / PY
C.	(MRSXY)A = (MRSXY)B
D.	MRSXY = PY / PX
Answer» D. MRSXY = PY / PX

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