3. Show a consumers budget constraint and indifference curves for bread and cheese. Show the optimal consumption
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3. Show a consumer’s budget constraint and indifference curves for bread and cheese. Show the optimal consumption choice. If the price of bread is €3 a loaf and the price of cheese is €6 a kilo, what is the marginal rate of substitution at this optimum?
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Related Book For 
Business Economics
ISBN: 388402
2nd Edition
Authors: Mark P. Taylor, Andrew Ashwin, N. Gregory Mankiw
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