To build a consumer budget line. 2. To build the indifference curve. To determine the Marginal Rate of Substitution of ach indifference curve. 3. To find the consumer's equilibrium point. What is the marginal rate of substitution at this point? 4. To determine the consumer's equilibrium if the price of good A reduced to 1,5$. 5. To plot the curve of demand for good A at the changing its price. determi the budget line slope.
To build a consumer budget line. 2. To build the indifference curve. To determine the Marginal Rate of Substitution of ach indifference curve. 3. To find the consumer's equilibrium point. What is the marginal rate of substitution at this point? 4. To determine the consumer's equilibrium if the price of good A reduced to 1,5$. 5. To plot the curve of demand for good A at the changing its price. determi the budget line slope.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Consumer Choice Theory
Section6.A: Indifference Curve Analysis
Problem 3SQP
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