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    Managerial economics
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    Exam 5: Theory of Consumer Behavior
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    Fill-In-The-Blank -If at a Given Combination of X and Y, a a Consumer's
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Fill-In-The-Blank -If at a Given Combination of X and Y, a a Consumer's

Question 20

Question 20

Short Answer

Fill-in-the-Blank
-If at a given combination of X and Y, a consumer's marginal rate of substitution is 4, this means that the consumer is willing to give up ______ units of Y for another X or ______ units of X for another Y.

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