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Good Evening, I read chapter 5 / Managerial Economics(mcGraw Hill) and I am having difficulty understanding some concepts. The Question below I need a step
Good Evening, I read chapter 5 / Managerial Economics(mcGraw Hill) and I am having difficulty understanding some concepts.
The Question below I need a step by step, detailed explanation on how you obtain the answer.
many thanks in advance -
Based on the following graph, at point C,
(My apologies I could not paste the graph)
The consumer's income is $600.
A. MRSis greater than 1.25.
B. MRSis less than 0.4.
C. MRSis greater than 2.
D. MRSis less than 2.5.
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