Microeconomics
Microeconomics
2nd Edition
ISBN: 9780073375854
Author: B. Douglas Bernheim, Michael Whinston
Publisher: MCGRAW-HILL HIGHER EDUCATION
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Chapter 5, Problem 5CP
To determine

Explain Person N’s marginal rate of substitution for MRSCF, values of PF is her best choice an inferior solution, and the price of the boundary choice.

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