MICROECONOMICS CONNECT ACCESS
2nd Edition
ISBN: 9780077491703
Author: BERNHEIM
Publisher: MCG
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Question
Chapter 4, Problem 3P
(a)
To determine
Identify the person whom L selects to talk more.
(b)
To determine
Derive the equation for indifference curve and graphically illustrate it.
(c)
To determine
Determine L’s
(c)
To determine
Determine the MRS (marginal rate of substitution).
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