4. We learned that the slope of the indifference curve is called the marginal rate of substitution...
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4. We learned that the slope of the indifference curve is called the marginal rate of substitution of X for Y. What does the MR S XY tell us about a consumer’s preferences between two goods?
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Related Book For
Microeconomics
ISBN: 9780716759751
1st Edition
Authors: Austan Goolsbee, Steven Levitt, Chad Syverson
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