If anns marginal rate of substitute of x for y is 5 - that
If Ann's marginal rate of substitute of X for Y is 5 - that is, MUx / MUy = 5 - the price of X is $9 and the price of Y is $2 she is spending too much of her income on Y. Do you agree or disagree? Explain your answer using a graph
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if anns marginal rate of substitute of x for y is 5 - that is mux muy 5 - the price of x is 9 and the price of y is 2
assuming that mpl 5 and mpk 10 assuming also that pl 2 and pk 5 this implies that the firm should substitute labor
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after you have completed all of unit 2 select only one of the following statements and discuss its veracity1 an
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