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Question. At the point of consumer …

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Question. At the point of consumer equilibrium marginal rate of substitute should be diminishing. (state that weather above statement is true or false give reason)
  • 1 answers

Kanu Singh 5 years, 4 months ago

It is true. MRS should be diminishing i.e The indifference curve should be convex to the origin to be at equilibrium.
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