Question
Pareto efficiency requires that each individual's marginal rate of substitution be equal to the marginal rate of transformation. How can I comment on this and
Pareto efficiency requires that each individual's marginal rate of substitution be equal to the marginal rate of transformation.
How can I comment on this and are there any figures or graphs that could be used for support?
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Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
