When we use the composite- good convention, what do we mean by a composite good and how

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When we use the composite- good convention, what do we mean by a composite good and how do we measure it? What is the slope of the budget line? What is the slope of an indifference curve? Does the consumer equilibrium involve an equality between MRS and a price ratio?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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