6. What is the relationship between consumers marginal rates of substitution and the goods prices in an

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6. What is the relationship between consumers’

marginal rates of substitution and the goods’

prices in an efficient market? How can this relationship be seen in an Edgeworth box?

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Microeconomics

ISBN: 9780716759751

1st Edition

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

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Question Posted: Oct 16, 2024 02:02 AM

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6. What is the relationship between consumers marginal rates of substitution and the goods prices in an efficient market? How can this relationship be seen in an Edgeworth box?
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6. What is the relationship between consumers marginal rates of substitution and the goods prices in an

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Microeconomics

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