Explain how consumers in an economy can be made better off if the marginal rate of transformation

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Explain how consumers in an economy can be made better off if the marginal rate of transformation does not equal consumers' marginal rates of substitution.

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Microeconomics

ISBN: 978-0073375854

2nd edition

Authors: Douglas Bernheim, Michael Whinston

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Question Posted: Mar 17, 2016 05:08 AM

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Explain how consumers in an economy can be made better off if the marginal rate of transformation

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Microeconomics

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