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    Managerial Economics Study Set 1
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    Exam 5: Theory of Consumer Behavior
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    Refer to the Following Graph
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Refer to the Following Graph

Question 7

Question 7

Multiple Choice

Refer to the following graph:
Refer to the following graph:      The consumer's income is $600. -At point C, A)  MRS is greater than 1.25. B)  MRS is less than 0.4. C)  MRS is greater than 2. D)  MRS is less than 2.5.

The consumer's income is $600.
-At point C,


A) MRS is greater than 1.25.
B) MRS is less than 0.4.
C) MRS is greater than 2.
D) MRS is less than 2.5.

Correct Answer:

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