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Select the statement that is true regarding the MRSXY he MRSxx,r is always a positive value illustrating more of one good in exchange for less
Select the statement that is true regarding the MRSXY "he MRSxx,r is always a positive value illustrating more of one good in exchange for less ofthe other. "he MRSxx,r represents a tradeofic and is therefore always a negative value. "he MRSxx,r measures the slope of the budget constraint. "he MRSxx,r is always a negative value representing how increasing consumption of a good leaves less available income to spend on the other good. lftwo goods are perfect substitutes a consumer will always allocate their income: '0 the good that is least expensive. '0 the good that brings the greatest marginal utility per dollar spent. "o the good that bring the least marginal utility per dollar spent. Equally between both goods regardless of their relative prices
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