17. The marginal rate of substitution between two goods always equals the a. price of one good divided by the price of the other b. marginal utility of one time the marginal utility of the other c. marginal utility of one good divided by the marginal utility of the other good d. All of the above are correct
17. The marginal rate of substitution between two goods always equals the a. price of one good divided by the price of the other b. marginal utility of one time the marginal utility of the other c. marginal utility of one good divided by the marginal utility of the other good d. All of the above are correct
Chapter6: Consumer Choice And Demand
Section: Chapter Questions
Problem 2.5P
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