In the consumer model, what is the meaning of the marginal rate of substitution of leisure for

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In the consumer model, what is the meaning of the marginal rate of substitution of leisure for consumption? How is this related to the slope of the indifference curve Draw?

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Survey of Accounting

ISBN: 978-0538749091

5th Edition

Authors: Carl S Warren

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Posted Date: Jan 23, 2021 11:35 AM

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In the consumer model, what is the meaning of the marginal rate of substitution of leisure for

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Marginal rate of substitution MRS is the amount of a good that a consumer is willi... View the full answer

Survey of Accounting

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