Microeconomics
2nd Edition
ISBN: 9780073375854
Author: B. Douglas Bernheim, Michael Whinston
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Question
Chapter 4, Problem 3P
(a)
To determine
Identify the person whom L selects to talk more.
(b)
To determine
Derive the equation for indifference curve and graphically illustrate it.
(c)
To determine
Determine L’s
(c)
To determine
Determine the MRS (marginal rate of substitution).
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