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whats the answer?? a. 3. A consumer chooses an optimal consumption point where the marginal rate of substitution exceeds the relative price ratio. b. slope
whats the answer??
a. 3. A consumer chooses an optimal consumption point where the marginal rate of substitution exceeds the relative price ratio. b. slope of the indifference curve equals the slope of the budget constraint. ratio of the prices equals one. d. All of the above are correct. c Step by Step Solution
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