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book International Economics 8th Edition by Dennis Appleyard, Alfred Field cover

International Economics 8th Edition by Dennis Appleyard, Alfred Field

Edition 8ISBN: 9780078021671
book International Economics 8th Edition by Dennis Appleyard, Alfred Field cover

International Economics 8th Edition by Dennis Appleyard, Alfred Field

Edition 8ISBN: 9780078021671
Exercise 2
Why is the marginal rate of substitution along an indifference curve "diminishing" as more of the good on the horizontal axis is consumed and less of the good on the vertical axis is consumed?
Explanation
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International Economics 8th Edition by Dennis Appleyard, Alfred Field
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