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For an Individual Who Consumes Only Two Goods,x and Y,the

Question 7

Multiple Choice

For an individual who consumes only two goods,x and y,the opportunity cost of consuming one more unit of x in terms of how much y must be given up is reflected by:


A) the individual's marginal rate of substitution.
B) the market prices of x and y.
C) the slope of the individual's indifference curve.
D) none of the above.

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