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-In the Above Figure, What Is the Magnitude of the Marginal

Question 405

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-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a? A) 1/2 B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old C) 2 D) The question cannot be answered without more information.
-In the above figure, what is the magnitude of the marginal rate of substitution (MRS) at point a?


A) 1/2
B) the rate at which the consumer will give up magazines to purchase more CDs while preferring the new combination to the old
C) 2
D) The question cannot be answered without more information.

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