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Author Question: In the above figure, I is an indifference curve. Moving from point a to point b, (Read 59 times)

armygirl

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on: May 24, 2019


In the above figure, I is an indifference curve. Moving from point a to point b,
◦ the marginal rate of substitution for books decreases.
◦ the budget line rotates inward.
◦ the budget line rotates outward.
◦ there is diminishing total utility.
◦ the marginal rate of substitution for books increases.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by armygirl on May 24, 2019

choc0chan

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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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armygirl

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Reply 2 on: May 24, 2019
Wow, this really help

sultana.d

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

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