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Say our subject is consuming The market basket (20, 35}. Suppose with that consumption his MWS is 3. Suppose that his consumption is changed to
Say our subject is consuming The market basket (20, 35}. Suppose with that consumption his MWS is 3. Suppose that his consumption is changed to (21, 32). There is an axiom about an individual's willingness to substitute (the axiom of a diminishing MWS) that implies that --34
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