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4. The slope of an indifference curve shows the change in utility from an additional unit of the good. the rate at which the consumer
4. The slope of an indifference curve shows the change in utility from an additional unit of the good. the rate at which the consumer is able to substitute one good in the market. is equal to the price ratio at all points. is the rate at which the consumer is willing to exchange one good for another, utility held constant. all of the above rulers
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Bank Management
Authors: Timothy W Koch, Mark S Cracolice
7th Edition
1111804265, 9781111804268
