Only at the point of consumer equilibrium does the
marginal rate of substitution (MRS) equal the
a. slope of the budget line.
b. slope of the indifference curve.
c. price ratio.
d. all of the above.
Only at the point of consumer equilibrium does the
marginal rate of substitution (MRS) equal the
a. slope of the budget line.
b. slope of the indifference curve.
c. price ratio.
d. all of the above.
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