The marginal rate of transformation of y for x represents
A) the slope of the budget constraint.
B) the rate at which the consumer must give up y to get one more x.
C) 
-/ 
.
D) All of the above.
Correct Answer:
Verified
Q5: Q7: An increase in the price of a Q28: Joe's budget constraint equals 500 = 2F Q36: If the utility function (U)between food (F)and Q44: Assume the price of beer is $4,the Q47: Betty consumes good x and good y.If Q48: A consumer buys food (F)and shelter (S).If Q51: If the price of one good increases Q60: If both prices decreases by 50%, Q64: Economists assume consumers select a bundle of
A) budget
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