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The marginal rate of substitution is defined as a) the amount of good Y that a consumer is willing to substitute for good X and

The marginal rate of substitution is defined as

a)

the amount of good Y that a consumer is willing to substitute for good X and stay at a given level of satisfaction.

b)

the feasible rate of substitution given prices.

c)

the amount of good Y substituted for good X by a consumer.

d)

the slope of the utility function.

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