Ask your own question, for FREE!
Economics - Financial Markets 19 Online
OpenStudy (anonymous):

Econ-math question. "lf we set the absolute value of the MRS(marginal rate of substitution) equal to the price ratio, we have the equation..." So my mrs is -(y+1)/x+2 and my price ratio is simply one. From there the instructor wrote (y+1)/(x+2) = 1, which makes sense because absolute value. He then has that => x-y=-1 and that's where I'm confused.

Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!
Latest Questions
Arriyanalol: i need help
1 day ago 7 Replies 1 Medal
Arriyanalol: CONGRATS to me
1 day ago 8 Replies 2 Medals
Legomaster346: What colleges are good that are near Arab Alabama?
1 week ago 5 Replies 0 Medals
Arriyanalol: i need help
1 week ago 6 Replies 2 Medals
Can't find your answer? Make a FREE account and ask your own questions, OR help others and earn volunteer hours!

Join our real-time social learning platform and learn together with your friends!