Why, in an economy with a single consumer, output efficiency requires the marginal rates of substitution and

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Why, in an economy with a single consumer, output efficiency requires the marginal rates of substitution and transformation to be identical. Explain why the same condition must hold in an economy with many consumers, using a graph (or graphs) to illustrate your explanation.
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Microeconomics

ISBN: 978-1118572276

5th edition

Authors: David Besanko, Ronald Braeutigam

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