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Let say the utility function as U(X, Y ) = ln X + Y Shows that the marginal rate of substitution (MRS) is the same
Let say the utility function as U(X, Y ) = ln X + Y Shows that the marginal rate of substitution (MRS) is the same on on all of the indifference curves at a given X.
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Intermediate Microeconomics
Authors: Hal R. Varian
8th edition
393934241, 978-0393934243
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