15. Complete description of an indifference curve\'s shape 16. The relationship

Question

15. Complete description of an indifference curve's shape 16. The relationship of two commodities aloe one budget line 17. What MRS stands for 18. 19 The relationship of this two graphical illustrations tells the best combination in the consumption of times following a limited budget 20. The potential consumption of a certain item based on Its market price and the income of its buyers 21. Principles behind a consumer finding a consumption mu that will garner him the highest level of satisfaction 22. Formula for Marginal Utility 23. It is the function of the units of consumption 24. Seeking for this combination can increase the level of the consumers' satisfaction even at a limited budget 25. Every peso spent should yield the highest of this as possible.

Explanation / Answer

Answer 17

MRS stands for 'Marginal Rate of Substitution' = MUx/MUy

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.