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Asked Feb 5, 2020
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8:34 A A
d21.sdbor.edu/d2l/le/content/136
48
exam1_fs17 v
3. Provide an explanation of what higher or lower MRS implies in nontechnical
language.
4. Fig 2 is a hypothetical indifference map. What kinds of things do you
think might be on horizontal and vertical axis? Explain.
Figure 2
II
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ll 34% 8:34 A A d21.sdbor.edu/d2l/le/content/136 48 exam1_fs17 v 3. Provide an explanation of what higher or lower MRS implies in nontechnical language. 4. Fig 2 is a hypothetical indifference map. What kinds of things do you think might be on horizontal and vertical axis? Explain. Figure 2 II

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