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The Equation for the Marginal Rate of Substitution of Good Δ\Delta

Question 19

Multiple Choice

The equation for the marginal rate of substitution of good X for good Y (that is, MRSXY) is given by:


A) Δ\Delta U(X,Y) / Δ\Delta X.
B) - Δ\Delta Y/ Δ\Delta X.
C) Δ\Delta Y × Δ\Delta X.
D) -X/Y.

Correct Answer:

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