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The marginal rate of substitution a. varies along an indifference curve if the curve is bowed inward. b. is constant along an indifference curve if
The marginal rate of substitution
a. varies along an indifference curve if the curve is bowed inward.
b. is constant along an indifference curve if the curve is a straight line.
c. is greater when a consumer has more of two goods rather than less of two goods.
d. Both a and b are correct.
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