Marginal rate of substitution is _____ a. Increasing because consumers indifference curve is bowed outward b. Diminishing
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Question:
Marginal rate of substitution is _____
a. Increasing because consumer’s indifference curve is bowed outward
b. Diminishing because consumers prefers variety and prefer a balanced consumption
c. Increasing because consumers can easily find complementary goods
d. Decreasing because consumer’s utility curve is linear
Related Book For
College Physics With An Integrated Approach To Forces And Kinematics
ISBN: 978-1260547719
5th Edition
Authors: Alan Giambattista
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