CA CPT June 2018 Question Paper General Economics for online practice

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Question : 10 of 50

Marks: +1, -0

The consumer is in equilibrium when the following condition is satisfied:

$MRS_{xy}$ < ${P_x}/{p_y}$
$MRS_{xy}$ > ${P_x}/{p_y}$
$MRS_{xy} = {P_x}/{p_y}$
$MRS_{xy} = 0$

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