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Question 3. (10 points) If pizza is a good and pollution is a bad, the MRS between the two goods will be positive or negative?

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Question 3. (10 points) If pizza is a good and pollution is a bad, the MRS between the two goods will be positive or negative? Explain why. Question 4. (10 points) Suppose preferences are concave (bowing out of the origin, see graph 1). Consider a standard budget constraint. What will the optimal bundle of choice be? A) Interior solution. B) Corner solution. Explain why graphically. Graph 1

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