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7. Fischer Separation Theorem states that the optimal production decision is determined by an objective market criterion that is independent of (a) The marginal rate

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7. Fischer Separation Theorem states that the optimal production decision is determined by an objective market criterion that is independent of (a) The marginal rate of transformation (b) The marginal rate of substitution (c) The interest rate (d) Individual subjective preferences 8. For the follwing quasi-linear Utility function: U(x, y) = yl. the Marginal Rate of Substitution does not depend on y. ls this True of False? (a) True (b) False TURN OVER

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