My best friend's son is taking Eco 100. While studying for his midterm exam, he encountered this question:
True or false: There is no difference between these two equilibrium equations in Eco 100 consumer theory as one equation can be transformed mathematically into the other (a) MUx/MUy=Px/Py (b) MUx/Px=MUy/Py.
What do you think? Is this statement true or false? Please vote here (only the first 200 answers will be recorded.)