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Author Question: Along an indifference curve, if the marginal rate of substitution is 3, then the consumer is willing to (Read 63 times)

RRMR

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on: May 24, 2019
Along an indifference curve, if the marginal rate of substitution is 3, then the consumer is willing to
◦ give up 1 unit of the good measured along the y-axis for 3 units of the good measured along the x-axis.
◦ give up 3 units of the good measured along the y-axis for 1 unit of the good measured along the x-axis.
◦ pay $3 for one unit of the good measured along the y-axis.
◦ pay $3 for one unit of the good measured along the x-axis.
◦ give up 3 units of the good measured along the y-axis for 1 unit of income, that is, $1 of income.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by RRMR on May 24, 2019

annierak

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Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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RRMR

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Reply 2 on: May 24, 2019
YES! Correct, THANKS for helping me on my review

vickybb89

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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