<u>The optimality condition in the consumer's choice between two goods is the following</u>
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The ratio of the marginal utilities is called the Marginal Rate of Substitution between goods x and y, and it arises from the preferences of the consumer towards the two goods. The MRS establishes the rate at which this consumer can give up a certain quantity of good x in exchange for another amount good y, while maintaining the same level of utility (it establishes the units of good x that would satisfy the consumer if he had to reject a certain number of units of y, given his personal preferences).
When MRS is equaled to the price ratio, it allows to calculate the bundle of goods x and y, that provides the maximum utility to this consumer given the market prices of x and y, which means that t<u>he solution provides the highest-utility bundle that he can afford. </u>
<u>If the rule does not hold, the choice might be either suboptimal or impossible.</u> When the result is suboptimal, the consumer acquires a bundle that he can afford but that is not the one yielding the maximum utility. If the result obtained is impossible, the consumer cannot afford the bundle, even tough it yields very high utility to him.
A producer is someone who creates and supplies goods or services. Producers combine labor and capital—called factor inputs—to create—that is, to output—something else. Business firms are the main examples of producers and are usually what economists have in mind when talking about producers.
The answer would be pictures
I believe the answer is: <span>convergent evolution
</span><span>convergent evolution refers to the process when organisms that are not closely related (such as squirrel and phalanger) developed a very similar characteristic as an evolutionary effort to survive in the same environment.
Other examples of convergent evolution would be the similar shape of fins between sharks and dolphins (one of them is a fish, one of them is a mammal)</span>