Q.
1
  • A

    Ratios of marginal utilities and prices of the respective goods are equal

     

  • B

    Ratio of marginal utilities of the two goods is equal to the ratio of their respective prices.

     

  • C

    The marginal rate of substitution is equal to the ratio of prices of the two goods.

     

  • D

    The marginal rate of substitution is decreasing.