ll 34% 8:34 A A d21.sdbor.edu/d2l/le/content/136 48 exam1_fs17 v 3. Provide an explanation of what higher or lower MRS implies in nontechnical language. 4. Fig 2 is a hypothetical indifference map. What kinds of things do you think might be on horizontal and vertical axis? Explain. Figure 2 II
ll 34% 8:34 A A d21.sdbor.edu/d2l/le/content/136 48 exam1_fs17 v 3. Provide an explanation of what higher or lower MRS implies in nontechnical language. 4. Fig 2 is a hypothetical indifference map. What kinds of things do you think might be on horizontal and vertical axis? Explain. Figure 2 II
Chapter4: Utility Maximization And Choice
Section: Chapter Questions
Problem 4.12P
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