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Consider the following statements. State whether they are true, false or uncertain and explain your answer. Your mark will depend on the accuracy and content
Consider the following statements. State whether they are true, false or uncertain and explain your answer. Your mark will depend on the accuracy and content of your explanation. (Note that this means no marks will be awarded for only writing true, false or uncertain.) You should include diagrams where they help your explanation. 1. At the optimal consumption point, a consumer will equalise the marginal utility from the last unit of each good consumed
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