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What happens to the marginal rate of substitution as you move along a convex indifference curve A linear indifference curve Explain why an MRS between two goods must equal the ratio of the

1.What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?

2. Explain why an MRS between two goods must equal the ratio of the price of the goods for the consumer to achieve maximum satisfaction

May 02 2020 View more View Less

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