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The marginal rate of transformation . . . Question 1 options: is given by the slope of an indifference curve at a given point. reflects
The marginal rate of transformation
Question options:
is given by the slope of an indifference curve at a given point.
reflects the subjective rates at which the individual is willing to exchange one good for the other.
is not relevant for the optimal decision of a consumer.
is given by the slope of the feasible frontier at a given point.
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