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Solve clearly.. (b): Find the MRSxy between all consecutive points on the indifference curves. (03 marks) X 2 4 5 6 Y 13 8 5

Solve clearly..

(b): Find the MRSxy between all consecutive points on the indifference curves. (03 marks) X 2 4 5 6 Y 13 8 5 3 2 2. Explain the following. (04 marks) i. Income Effect ii. Opportunity Cost ili. Oligopoly iv. Marginal Utility

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