Show a consumers budget constraint and indifference curves for wine and cheese. Show the optimum consumption choice.

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Show a consumer’s budget constraint and indifference curves for wine and cheese. Show the optimum consumption choice. If the price of wine is $3 a glass and the price of cheese is $6 a kilogram, what is the marginal rate of substitution at this optimum?

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Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

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