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    Principles of Microeconomics
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    Exam 21: The Theory of Consumer Choice
  5. Question
    Which Term Refers to the Rate at Which a Consumer
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Which Term Refers to the Rate at Which a Consumer

Question 96

Question 96

Multiple Choice

Which term refers to the rate at which a consumer is willing to exchange one good for another,maintaining a constant level of satisfaction


A) the relative exchange ratio
B) the value of marginal product
C) the marginal rate of substitution
D) the relative price ratio

Correct Answer:

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