100 84 75 15 16 19 20 24 Hours of free time per day The diagram shows a student's indifference curves for hours of free time per day and final grade. Based on this graph, which of the following statements is correct? The marginal rate of substitution at H is 0.25. The marginal rate of substitution is higher at D than at A. n Cor a given final grade, the student's marginal rate of substitution between free Final grade

100 84 75 15 16 19 20 24 Hours of free time per day The diagram shows a student's indifference curves for hours of free time per day and final grade. Based on this graph, which of the following statements is correct? The marginal rate of substitution at H is 0.25. The marginal rate of substitution is higher at D than at A. n Cor a given final grade, the student's marginal rate of substitution between free Final grade

Microeconomic Theory

12th Edition

ISBN:9781337517942

Author:NICHOLSON

Publisher:NICHOLSON

Chapter16: Labor Markets

Section: Chapter Questions

Problem 16.10P

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