Answered: 5 ΟΟΟΟ 4 3 2 1 2 first increases, then…

5 ΟΟΟΟ 4 3 2 1 2 first increases, then decreases X 4 Refer to Figure 6. As the consumer moves from A to B to C, the marginal rate of substitution increases decreases O remains constant 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Question 11 Part A

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2
1
B
X
3
5
Refer to Figure 6. As the consumer moves from A to B to C, the marginal rate of substitution
increases
decreases
remains constant
first increases, then decreases

5
3
2
1
1
B
Refer to Figure 6. What is the consumer's marginal rate of substitution as she moves from A to B? (Please insert your solution as a positive
number)

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