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Title: Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive ... Post by: bgoodwi1 on Nov 23, 2018 Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive equilibrium. The marginal cost of a piece of candy is given by MCc = 3Qc and the marginal cost of a desk is MCd = 2 + 2Qd. The current production level of candy is 6 pieces. What is the marginal rate of substitution (MRS)?
A) MRS = -4 B) MRS = - 2 C) MRS = 4 D) There is not enough information to calculate the MRS. Title: Suppose an economy with two goods (candy and desk) and two identical agents that is in a competitive ... Post by: Nova1 on Nov 23, 2018 D
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