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    Managerial Economics
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    Exam 2: Economists View of Behavior
  5. Question
    The Absolute Value of the Marginal Rate of Substitution Measures
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The Absolute Value of the Marginal Rate of Substitution Measures

Question 3

Question 3

Multiple Choice

The absolute value of the marginal rate of substitution measures the:


A) slope of the budget constraint.
B) slope of an indifference curve.
C) relative price of two goods.
D) optimality of consumer consumption.

Correct Answer:

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