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Give an example of a choice you have faced where an indifference curve was implicitly at work. Describe how the two things you had to
Give an example of a choice you have faced where an indifference curve was implicitly at work. Describe how the two things you had to choose between create level curve of indifference. Be sure to describe how the marginal rate of substitution changed or did not change over the quantities of two goods in your situation. How did you measure the trade-off? Did diminishing marginal utility appear in this situation, and how do you know?
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