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Given the indifference curve shown to the right: a. What is the marginal rate of substitution as you move from point G to point
Given the indifference curve shown to the right: a. What is the marginal rate of substitution as you move from point G to point B? (enter your answer as a fraction and note that the minus sign has been added). C Books (per year) 10- 9- 8- 7- 3- 2- 1- 0- 0 10 C (20, 7) 20 Q E (27, 6) O F (36, 5) O G (47, 4) B (60, 3) 30 40 50 60 70 80 Audio CDs (per year) IC 90
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Microeconomics
Authors: Robert Pindyck, Daniel Rubinfeld
8th edition
978-0132870436, 132870436, 013285712X, 978-0133371178, 133371174, 978-0132857123
