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

Question 11

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 these is correct.

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