The absolute value of the slope of an indifference curve equals the ratio of the marginal utilities of the two goods involved.
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Q51: If the price of one good increases
Q52: If the prices of both goods and
Q53: The marginal rate of transformation of y
Q54: Joe's income is $500,the price of food
Q55: Joe's budget constraint equals 500 = 2F
Q57: If the utility function (U)between bananas (B)and
Q58: If the utility function (U)between bananas (B)and
Q59: Joe's income is $500,the price of food
Q60: If both prices decreases by 50%,
A) budget
Q61:
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