In purchasing products A and B, a consumer is in equilibrium when:
A) MUa/Pa = MUb/Pb
B) MUa/Pb = MUb/Pa
C) MUa - MUb = Pa/Pb
D) MUa × Pa = MUb × Pb
Answer: A) MUa/Pa = MUb/Pb
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A) an infinite B) a high C) a low D) a negative
A monopoly:
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a. True b. False Indicate whether the statement is true or false
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