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l. (a) What does the theory of consumer behavior show? (b) Explain the three basic distinct steps by which consumer behavior can be best understood.

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l. (a) What does the theory of consumer behavior show? (b) Explain the three basic distinct steps by which consumer behavior can be best understood. (c) What do you mean by Marginal rate of Substitution (MR5) and diminishing marginal rate of substitution

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